Shares of Reliance Power and Reliance Infrastructure tumbled in Thursday’s trade after the State Bank of India (SBI) classified the loan account of Reliance Communications (RCom) as fraud, implicating the company’s former director, Anil Ambani, Times of India reported. Reliance Power slipped 4.8% to Rs 64.75, while Reliance Infra hit the 5% lower circuit at … Read more
Reliance Power Ltd, part of the power generation space, rallied over 18% in intraday trade on Friday, supported by strong volumes. The momentum also triggered a buy on the Supertrend indicator on the weekly charts, which is a positive sign for the bulls. The Supertrend indicator is a trend-following technical analysis tool that helps traders … Read more
Reliance Power shares zoomed 10.2% to Rs 42.60 in Monday’s early trade on the BSE after the company posted a consolidated net profit of Rs 126 crore for the January–March quarter of FY25, compared to a loss of Rs 397.56 crore in the same period last year, driven by a sharp decline in expenses, according … Read more
Shares of Anil Ambani-led Reliance Power surged 8.64% to Rs 43.37 on the BSE in early trade on Thursday, after the company reported a net profit of Rs 41.95 crore for the December quarter. This marks a strong rebound from a loss of Rs 1,136.75 crore during the same period last year. Meanwhile, the firm … Read more
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