Reliance Power shares hit 5% lower circuit for 3rd straight session
The Reliance Anil Dhirubhai Ambani Group stock, after adding 72% in 15 sessions between September 12 and October 3, has fallen over 14% in three days.
The Reliance Anil Dhirubhai Ambani Group stock, after adding 72% in 15 sessions between September 12 and October 3, has fallen over 14% in three days.
The stock was consistently hitting 5% upper circuit for the past 12 sessions, while it maintained an uptrend since September 12, rising 72% during the same period.
In the past three months, the share price of Reliance Anil Dhirubhai Ambani Group company has risen 122%, touching its 52-week high of ₹320 intraday today.
Shares of Reliance Power, a part of the Reliance Anil Dhirubhai Ambani Group, were locked in 5% lower circuit at ₹31.10 per share on Tuesday.
Reliance Power to sell a 15% stake in the company to VFSI Holdings at an issue price of ₹15.55 per share, aggregating to ₹933 crore.