Latest news with #ReliancePowerLtd
Hindustan Times
3 days ago
- Business
- Hindustan Times
Why is Reliance power share rising? Reasons behind the sudden surge
Shares of Reliance Power Ltd soared on Friday, hitting a 52-week high of ₹59.75 on both the NSE and BSE, driven by a confluence of strong financial results, a major renewable energy contract win, and growing investor optimism in the company's clean energy strategy. The stock, at market closing on Friday, was trading at ₹58.09 on the NSE, 11.24% up from the previous day. It outperformed both the indices - Sensex and Nifty - which ended the day in red. The stock has now gained nearly 30% in May alone and over 140% in the past 12 months, reflecting a resurgent investor sentiment. The primary catalyst behind Friday's rally is the announcement made by the company on May 28, post market hours, that its subsidiary Reliance NU Energies received a Letter of Award (LoA) from SJVN for a 350 MW solar power project integrated with a 175 MW/700 MWh Battery Energy Storage System (BESS). The project, which is part of a larger 1,200 MW solar and 600 MW/2,400 MWh BESS tender, was highly competitive, with participation from 19 developers and oversubscription by over 4 times, underscoring the sector's strong growth potential. Reliance NU Energies secured the project at a fixed tariff of ₹3.33/kWh for 25 years. Once commissioned, this project will add 600 MW of solar DC capacity and 700 MWh of BESS capacity to Reliance Power's renewable portfolio. The company now boasts a clean energy pipeline of 2.4 GW of Solar DC and over 2.5 GWh of BESS capacity, positioning it as India's largest player in the integrated Solar and BESS segment. The stock's rally is also supported by a significant turnaround in the company's financial performance. For Q4 FY25, Reliance Power posted a consolidated net profit of ₹126 crore, compared to a loss of ₹397.56 crore in the same quarter a year earlier. The improvement came despite a slight dip in total income, largely due to substantially lower expenses, which fell from ₹2,615.15 crore to ₹1,998.49 crore. For the full FY25 fiscal, the company recorded a consolidated net profit of ₹2,947.83 crore, a stark contrast to a loss of ₹2,068.38 crore in FY24. It also completed debt servicing of ₹5,338 crore over the past 12 months, and improved its debt-to-equity ratio from 1.61:1 to 0.88:1, reflecting stronger financial health.
Business Upturn
3 days ago
- Business
- Business Upturn
Reliance Power shares jump 3% to hit 52-week high
By Aditya Bhagchandani Published on May 30, 2025, 10:16 IST Shares of Reliance Power Ltd surged over 3% to ₹53.85 in morning trade on May 30, marking a fresh 52-week high of ₹55.10, following a significant project win announcement by its subsidiary. The rally came after Reliance NU Energies, a subsidiary of Reliance Power, received a letter of award from state-run SJVN for developing a 350 MW solar power project integrated with a 175 MW/700 MWh Battery Energy Storage System (BESS). The project was awarded at a fixed tariff of ₹3.33/kWh for 25 years. According to the company, the project will contribute an additional 600 MW of Solar DC capacity and 700 MWh of BESS to its portfolio. With this addition, Reliance Power's clean energy pipeline now stands at 2.4 GW of Solar DC capacity and over 2.5 GWh of BESS capacity, making it the largest player in India in the integrated solar and battery energy storage segment. This development is seen as a strategic leap for the company as it accelerates its transition toward new energy solutions and sustainable power generation. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
India Today
23-05-2025
- Business
- India Today
Reliance Power Ltd share price rises over 18%. Should you buy?
Shares of Reliance Power Ltd saw a strong jump of 18.66% on Friday, reaching a high of Rs 52.90 during the day. At the last update, the stock was trading 17.90% higher at Rs 52.57. With this rise, the share has gone up 17.53% so far in Power has gained 20.77% in the last month, 51.98% over the last six months, and 99.13% over the past year. Over the last five years, it has gone up by a massive 2,820.56%.One of the main reasons for the rise in Reliance Power's stock price is its recent partnership with Bhutan's Druk Holding and Investments (DHI).The two companies will set up India's largest solar power project through a Rs 2,000 crore joint venture. The project will have a capacity of 500 megawatts (MW) and will be developed under a 50:50 partnership. It will follow a Build-Own-Operate (BOO) a statement, Reliance Power said, 'The landmark solar investment in Bhutan underscores Reliance Group's strategic focus on expanding its renewable energy portfolio, while reinforcing its long-term commitment to strengthening India-Bhutan economic cooperation. Reliance Power's total clean energy pipeline stands at 2.5 gigawatts peak (GWp) in the solar segment, making it India's largest player in the integrated solar and Battery Energy Storage System (BESS) segment.'Market experts believe that the rise in Reliance Power's share price may be linked to overall positive developments in the power and renewable energy Bathini, Director of Equity Strategy at WealthMills Securities, said that the stock could be gaining due to these favourable conditions. However, he also warned that the stock has destroyed investor wealth in the past and is only suitable for those with a high-risk analyst Jigar S Patel from Anand Rathi said that the stock has support at Rs 48 and resistance at Rs 53. 'A decisive move above Rs 53 level may trigger a further upside towards Rs 56. The expected trading range will be between Rs 46 and Rs 53 for the short term,' he share is trading above all major simple moving averages (SMAs) — including the 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day and 200-day averages. This suggests a strong positive 14-day Relative Strength Index (RSI) of the stock is 75.88. An RSI above 70 is considered overbought, which means the stock might be due for a to BSE data, Reliance Power's price-to-earnings (P/E) ratio stands at 327.81, which is very high. Its price-to-book (P/B) value is 2.29. The company's earnings per share (EPS) is 0.16, and return on equity (RoE) is 0.71%. These figures suggest that the company is still in the early stages of financial data shows that the stock has a one-year beta of 1.3. This means it is highly volatile and may see large swings in of May 7, 2025, the promoters held a 24.98% stake in Reliance Power, which is led by Anil The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)Trending Reel
News18
23-05-2025
- Business
- News18
Bullish Breakout? Reliance Power Rallies 18%, Supertrend Indicator Signals Buy
Last Updated: Reliance Power Ltd, a key player in India's private power generation sector, surged over 18% in intraday trade on Friday Reliance Power Share Price: Reliance Power Ltd, a key player in India's private power generation sector, surged over 18% in intraday trade on Friday, driven by strong volumes. The rally also triggered a 'buy' signal on the Supertrend indicator on weekly charts — a bullish technical signal suggesting a potential shift in market momentum. What the Supertrend Indicator Signals The Supertrend is a popular trend-following indicator used by traders to identify potential entries or exits based on price action. With Reliance Power's price now trading above the Supertrend line, this development may signal the end of a previous downtrend and the beginning of a possible uptrend or the continuation of current bullish momentum. Heavy Volumes Reflect Investor Interest The stock witnessed significant trading activity, with 2,666.75 lakh shares changing hands, amounting to a traded value of Rs 1,325.11 crore. Such high turnover highlights strong investor interest and liquidity in the counter, making it one of the most actively traded stocks of the session. 50-Week Moving Average Holds Strong Reliance Power has been respecting its 50-week moving average as a key support level since June 2023. Recently, the stock once again bounced off this long-term average, reinforcing its technical importance and offering further validation for bullish sentiment. PPA Deal for Bhutan Solar Project Adds to Optimism The March 2025 shareholding data indicates a rise in institutional interest. Promoters held a steady 23.26% stake, while Foreign Institutional Investors (FIIs/FPIs) increased their holdings from 12.95% to 13.21%. Additionally, mutual funds initiated exposure to the stock, raising their stake from zero to 0.38%. Overall, institutional holdings climbed from 15.75% to 16.50%, signaling improved confidence in the company's future prospects. Disclaimer:Disclaimer: The views and investment tips by experts in this report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions. First Published: May 23, 2025, 15:16 IST
Business Standard
23-05-2025
- Business
- Business Standard
Honasa Consumer Ltd leads gainers in 'A' group
Reliance Power Ltd, Power Mech Projects Ltd, IFCI Ltd and TVS Supply Chain Solutions Ltd are among the other gainers in the BSE's 'A' group today, 23 May 2025. Reliance Power Ltd, Power Mech Projects Ltd, IFCI Ltd and TVS Supply Chain Solutions Ltd are among the other gainers in the BSE's 'A' group today, 23 May 2025. Honasa Consumer Ltd soared 15.99% to Rs 319.5 at 11:46 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 8.09 lakh shares were traded on the counter so far as against the average daily volumes of 36583 shares in the past one month. Reliance Power Ltd surged 10.77% to Rs 49.38. The stock was the second biggest gainer in 'A' group. On the BSE, 91.34 lakh shares were traded on the counter so far as against the average daily volumes of 92.04 lakh shares in the past one month. Power Mech Projects Ltd spiked 7.97% to Rs 3181.8. The stock was the third biggest gainer in 'A' group. On the BSE, 48453 shares were traded on the counter so far as against the average daily volumes of 7060 shares in the past one month. IFCI Ltd spurt 6.85% to Rs 53.36. The stock was the fourth biggest gainer in 'A' group. On the BSE, 16.57 lakh shares were traded on the counter so far as against the average daily volumes of 12.76 lakh shares in the past one month. TVS Supply Chain Solutions Ltd gained 5.25% to Rs 132.35. The stock was the fifth biggest gainer in 'A' group. On the BSE, 84535 shares were traded on the counter so far as against the average daily volumes of 39662 shares in the past one month.
