If you are looking for “Reliance Power share price targets” for upcoming years you are in the right place. Before we dive into Reliance Power stock price targets, Let’s understand the Reliance Power company background, technical fundamentals etc.
Table of Contents
About Reliance Power Limited
Reliance Power Limited is a subsidiary ofReliance Group. Reliance group has 2 energy sectors which areReliance Infrastructure and Reliance Power.
Reliance Power has the largest portfolio of power projects on thermal & renewable energy in the private sector. It has close to 6000 MW of operational power generation assets
Reliance Power has been established to develop, construct and operate power projects both in India as well as internationally.
Fundamentals of Reliance Power
Let’s look at the fundamentals of Reliance Power, based on which we can get a clear understanding of the expertise in the power sector.
- Current Market Cap:The current market cap of Reliance Power as of July 16 2022, is ₹3995.15 Cr.
- P/E Ratio:The current price to earning ratio of Reliance Power is 0.
- EV/EBITDA:67.21
- Sales Growth:Sales growth over the period of time for Reliance Power is -27.01%
- Profit Growth:Profit growth is around 114.23 % over the period of time
Reliance Power Price Target Details
We have done a complete analysis of Reliance Power and have come up with its share price targets for upcoming years.
Note:These price targets of “Reliance Power” are only for reference purposes. This prediction is only if there are positive market sentiments, and any uncertainties in the company or global market condition are not covered in this analysis.
| Year | Reliance Power 1st Share Price Targets (₹) | Reliance Power 2nd Share Price Targets (₹) |
|---|---|---|
| 2023 | 33 | 39 |
| 2024 | 52 | 59 |
| 2025 | 69 | 70 |
| 2026 | 73 | 87 |
| 2027 | 123 | 131 |
| 2028 | 140 | 149 |
| 2029 | 180 | 191 |
| 2030 | 210 | 225 |
Also Check:
- JP Power Ltd Share Price Target
- Orient Green Power Company Limited Share Price Target
- Best Energy/Power Stocks in India
Reliance Power share price target 2023
By looking at trend in the chart and other upcoming projects we strongly feel that there is again 70-90% appreciation in its price, if you are going to invest now, accumulate only fewer shares for now, since its support line is at 19.15, if the support line breaks below ₹19, It will again fall to ₹17.05 which is next support, try to accumulate again in this zone.
The target share price of Reliance Power for the year 2023 will be ₹33
Reliance Power share price target 2024
In 2024 power sector will rise, and eventually RPOWER too, due to this, it will achieve its targeted share price soon, with its stong fundamentals, and Ambani brand value it might beat many power industries.
The target share price of Reliance Power for the year 2024 will be ₹52
Reliance Power share price target 2025
Most of the investors are keeping an eye on the 2025 target since it is when most of the power industry projects will be completed at a certain stage, this completion of projects will definitely help in boosting the stock price.
The target share price of Reliance Power for the year 2025 will be ₹69
Reliance Power share price target 2026
The target share price of Reliance Power for the year 2027 will be ₹73
Reliance Power share price target 2027 to 2030
The target share price of Reliance Power for the years 2027, 2028, 2029, and 2030 will be ₹123, ₹140, ₹180, and ₹210 respectively.
