Reliance Power (2024)

FAQs

Is Reliance Power undervalued or overvalued? ›

RPOWER - Valuation Highlights

Price to Book Ratio is 0.758 indicating that it is undervalued.

At this price, the multibagger scrip has gained 197.87 per cent in the past one year. Reliance Power share price: The company said it has signed a debt settlement and discharge agreement with the wholly-owned subsidiary of Authum Investment and Infrastructure Ltd - RCFL.

They knew that the pricing was all wrong. There was going to be nothing on the table on listing; so they fled. Reliance Power set many records. It was the largest Indian IPO, attracted the largest number of applications and was oversubscribed 73 times, managing to mop up a whopping Rs12,500 crore.

If you have bought reliance shares at recent price with an intention to hold atleast for 3–5 years it is a good buy always. If you are looking for positional trade, I mean if u are looking to hold for 15–20 days it will be a good buy above 2190-2200.

As per technical data, the minimum share price target in 2024 for RPOWER is expected to be ₹29.22 and the maximum price target for 2024 will be ₹41.07.

Reliance Power share price target 2024

The stock is facing resistance at ₹30 apiece level. On breaching this hurdle, Reliance Power share price may go up to ₹34 per share level in the short term."

“Mahan Energen Ltd (MEL), wholly-owned subsidiary of Adani Power Ltd (APL), has entered into a 20-year long-term power purchase agreement (PPA) for 500 MW with Reliance Industries Ltd (RIL), under the captive user policy as defined under the Electricity Rules, 2005,” Adani Power said in the filing.

By 2025, the company's strategic investments and expansion plans are anticipated to yield significant returns. The average stock price is predicted to reach ₹175, with a potential minimum and maximum price of ₹170 and ₹185, respectively.

Reliance Power Limited (R-Power), formerly Reliance Energy Generation Limited (REGL) is a part of the Reliance Anil Dhirubhai Ambani Group.

Is Anil Ambani still rich? ›

Ambani, once the sixth richest person in the world, declared before a UK court in February 2020 that his net worth is zero and he is bankrupt, although the veracity of that claim is in question. His current net worth is 1 billion dollar as of march 2024.

Reliance Power is aiming to be debt-free by the end of the current financial year. Shares of Reliance Power shares have been seeing an upward trend for over a week. Reliance Power subsidiaries, Kalai Power and Reliance Cleangen, have cleared Rs 1,023 crore debt to RCFL, the firm said in an exchange filing.

In the last four years, Reliance Power share price has surged from ₹1.20 per share to ₹28.25 per share level on NSE, recording around 2,250 percent rise in this time. So, in the post-COVID time, the penny stock has turned into a money-making stock for its shareholders by delivering to the tune of 2,250 percent returns.

Net Profits:

Reliance Power Ltd's net profit fell -289.91% since last year same period to ₹-1136.75Cr in the Q3 2023-2024.

As of today (2024-05-13), Reliance Power's Intrinsic Value: Projected FCF is ₹125.57. The stock price of Reliance Power is ₹24.95. Therefore, Reliance Power's Price-to-Intrinsic-Value-Projected-FCF of today is 0.2.