- LATEST
- WEBSTORY
- TRENDING
BUSINESS
Forget about Mukesh Ambani, Gautam Adani as Anil Ambani races ahead in earnings, details inside
As of August 2, Reliance Power's market capitalisation stood at Rs 13,886.67 crore, up from Rs 10,813.68 crore on July 23.
Updated : Aug 05, 2024, 07:41 AM IST
 "Anil Ambani")
TRENDING NOW
)
IND vs AUS: Rohit Sharma, Virat Kohli to retire from Test cricket after Border-Gavaskar Trophy? Report makes big claim
)
Pushpa 2 trailer: SS Rajamouli reviews Allu Arjun's action-drama, calls it...
)
Amid divorce rumours with Aishwarya Rai, Abhishek Bachchan tells Amitabh Bachchan: 'I hope people don't...'
)
Bigg Boss 18: Rajat Dalal says he won 14 medals for India, Shilpa Shirodkar replies 'desh ke liye kuch kiya hai toh...'
)
Meet man, who made first mobile call in India from Nokia 29 years ago, it cost Rs...
)
Amitabh Bachchan praises Abhishek Bachchan's new film, netizens ask 'kash ye Aishwarya...'
)
7 times XXX, Gandii Baat actress Aabha Paul crashed the internet by flaunting her sexy curves
)
Aishwarya Rai describes her 'ideal man' in viral statement amid divorce rumours with Abhishek Bachchan: 'He better be..'
)
Shweta Tiwari's wedding photos with Bigg Boss 13 contestant Vishal Aditya Singh go viral, here's the truth behind them
)
Amid divorce rumours with Aishwarya Rai, Abhishek Bachchan says he'll do 'whatever it takes' to be there for Aaradhya
)
This Pakistani Influencer's private video leaked online, days after Minahil Malik and Insha Rehman's clips
)
Meet Mathira Khan, Pakistani influencer whose private video leaked after Minahil Malik, Imsha Rehman
)
'Good to be back': After breaking up with Malaika Arora, Arjun Kapoor reunites with his 'partner-in-crime after ages'
)
'It's Abhishek, Aishwarya': Netizens react after celeb divorce lawyer says star couple is facing 'breakdown in marriage'
)
Model's bold dance in towel at India Gate raises eyebrows, netizens say arrest her, watch viral video
Reliance Power shares have been on an upward trend since the Union Budget 2024. On July 23, 2024, Reliance Power's share price closed at Rs 26.94 per share on the NSE. Since then, it has consistently reached new 52-week highs. In the post-Budget 2024 period, this Reliance Anil Dhirubhai Ambani Group (Reliance ADAG) stock has climbed from Rs 26.94 to Rs 34.54 per share, marking an approximate 30 percent increase over eight consecutive sessions.
Stock market experts attribute this surge to Reliance Power becoming a debt-free company on a standalone basis. The company has settled its Rs 800 crore dues, positioning it to compete with other private power sector companies in FY25. The Budget 2024, which emphasises growth in power and infrastructure, is expected to benefit the company's balance sheet in FY25, sparking investor interest in Reliance Power shares. However, experts note that despite becoming debt-free, the company faces significant challenges regarding its order book, which are anticipated to be addressed in the coming quarters of the current fiscal year.
As of August 2, Reliance Power's market capitalisation stood at Rs 13,886.67 crore, up from Rs 10,813.68 crore on July 23.
