Reliance Power share price: For the last few trading days, shares of Anil Ambani’s power company Reliance Power (NSE: RPOWER) have been rising like a rocket.
Reliance Power shares were at ₹3.3 in January 2021, which has now reached the level of ₹32.85. This is also the stock’s 52-week high.
Reliance Power shares have increased by 900 percent in three years. It has provided investors with multi-bagger returns after climbing 114 percent during the past year.
It has increased by almost 36 percent in just 5 trading days of January. The price has increased by 264.5 percent from its 52-week lowest of Rs9.05 on March 28, 2023.
According to the Experts, a 500% Long-term Term Return is Possible for this share.
How Much Return In Which Month
The year 2023 was very strong for this power company. In the previous year, it delivered positive returns in 9 of twelve months.
The stock gave negative returns in the three months of January, February and October of the year 2023.
In these three months, Reliance Power shares have fallen by 11.15 percent, 23.14 percent, and 11.17 percent respectively.
At the same time, it has increased the most by 23.68 percent in November 2023. After this, Reliance Power shares increased by 22.61 percent in April and 17 percent in July.
What Are The Opinions Of Experts?
Experts in the market have noticed a trend of bullishness in the power stocks. Investors have shown interest in buying most of the power stocks in recent months.
Shares are getting a boost due to the tariff increase. The Executive Director of Choice Broking Sumeet Bagadia is optimistic about the future performance of Reliance Power shares.
According to him, the stock is expected to rise further. Bagadia said investors can consider holding shares of Reliance Power.
However, he is advising to maintain the stop-loss at ₹21 considering the risk associated with investing in Reliance Power stock.
What Did The Results Of The Quarter Turn Out?
Let us tell you that due to higher revenue in the September quarter, Reliance Power’s loss was reduced to ₹ 237.76 crore.
Its loss in the year-ago period was ₹340.26 crore. The income total during the quarter was up to Rs2130 crore, up from Rs1945 crore the previous year.
About Reliance Power Limited
Reliance Power Limited, together with its subsidiaries, participates in the production of electricity in India. The portfolio of power projects is built around gas, coal hydro, wind along with solar.
The company boasts the capacity to generate power in operation which is 416 GW. This company was founded in 1995.
It owns and operates the Sasan Super Mega Power station with 3960 milliwatts of power capacity located within Madhya Pradesh; a 1,200 MW Rosa power plant located in Uttar Pradesh.
Also, the Butibori power plant, which has a capacity of 600 milliwatts within Maharashtra; the Vashpet power plant with a capacity of 45MW within Maharashtra; Dhursar solar power plant which has a capacity of 40MW located in Rajasthan.
Solar CSP power plant that produces 100MW in Rajasthan & Krishnapatnam Ultra Mega Power project that has the capacity of 3,960 MW located in Andhra Pradesh.
Fundamental Analysis of Reliance Power Limited
| Market Cap | ₹ 12,131 Cr. |
| Current Price | ₹ 31.8 |
| 52-wk High | ₹ 33.0 |
| 52-wk Low | ₹ 9.05 |
| Stock P/E | – |
| Book Value | ₹ 34.3 |
| Dividend | 0.00 % |
| ROCE | 3.42 % |
| ROE | -11.8 % |
| Face Value | ₹ 10.0 |
| P/B Value | 0.93 |
| OPM | 24.5 % |
| EPS | ₹ -1.37 |
| Debt | ₹ 20,605 Cr. |
| Debt to Equity | 1.60 |
Reliance Power Limited Shareholding Pattern
| Promoters Holding | |
| Sept 2022 | 24.98% |
| Dec 2022 | 25.00% |
| Mar 2023 | 24.99% |
| June 2023 | 24.99% |
| Sept 2023 | 24.50% |
| FII Holding | |
| Sept 2022 | 7.97% |
| Dec 2022 | 7.83% |
| Mar 2023 | 7.35% |
| June 2023 | 7.34% |
| Sept 2023 | 7.66% |
| DII Holding | |
| Sept 2022 | 3.50% |
| Dec 2022 | 3.27% |
| Mar 2023 | 3.17% |
| June 2023 | 3.17% |
| Sept 2023 | 5.16% |
| Govt. Holding | |
| Sept 2022 | 0.01% |
| Dec 2022 | 0.01% |
| Mar 2023 | 0.01% |
| June 2023 | 0.01% |
| Sept 2023 | 0.01% |
| Public Holding | |
| Sept 2022 | 63.56% |
| Dec 2022 | 63.88% |
| Mar 2023 | 64.47% |
| June 2023 | 64.49% |
| Sept 2023 | 62.67% |
Reliance Power Limited Share: Last 5 Years’ Financial Condition
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹8,201 Cr |
| 2020 | ₹7,562 Cr |
| 2021 | ₹7,934 Cr |
| 2022 | ₹7,503 Cr |
| 2023 | ₹7,590 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹-2,952 Cr |
| 2020 | ₹-4,271 Cr |
| 2021 | ₹454 Cr |
| 2022 | ₹-915 Cr |
| 2023 | ₹-522 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 1.56 |
| 2020 | 2.04 |
| 2021 | 1.68 |
| 2022 | 1.85 |
| 2023 | 1.83 |
Last 10 Years’ Profit Growth:
| 10 Years: | – |
| 5 Years: | – |
| 3 Years: | – |
| Current Year: | -64% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | 2% |
| 5 Years: | -3% |
| 3 Years: | -6% |
| Last Year: | -12% |
Last 10 Years’ Sales Growth:
| 10 Years: | 4% |
| 5 Years: | -5% |
| 3 Years: | 0% |
| Current Year: | 0% |
Conclusion
This article is a complete guide about Reliance Power Limited Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.
