Anil Ambani: Anil Ambani’s good days have returned after the budget announcement. According to a recent report, the shares of his company have started rising. The shares which were continuously falling, have been rising like rockets after the budget. Reliance Power shares are continuously rising. Reliance Power shares have reached a 52-week high. As soon as the company cleared all its debt, its effect started showing on its shares…
Khabar TV (Bureau) – Anil Ambani Company : Anil Ambani’s fortunes are changing, as he was burdened with a huge debt. The company’s share price is constantly rising. After the budget announcement, Anil Ambani’s company’s shares have started rising. The shares which were continuously falling, have been rocketing after the budget.
We are talking about Reliance Power Ltd. Despite huge losses, Reliance Power’s shares are witnessing a tremendous rise. Reliance Power’s shares are constantly boosting. Especially after the budget, this stock is witnessing a tremendous rise.
Why the stock is rising rapidly-
Reliance Power’s shares are continuously rising. After coming out of losses, the company’s shares are rising rapidly. After the budget, the price of this share has increased by 28 percent. The share which was once making its investors cry blood, today the price of one share of this has reached Rs 34.54.
Reliance Power’s stock has reached a 52-week high. As soon as the company cleared all its debt, its effect started showing on its shares. Anil Ambani’s debt-free company is now focusing on expanding its business.
Many announcements were made for the power sector in the budget, which will also benefit Anil Ambani’s company Reliance Power. The company will compete with private companies. After which its shares have gained further momentum.
Amazing even in falling stock market-
Reliance Power is a debt-free company on a standalone basis. The market is in a bad state since the budget announcement. The mood of the stock market is spoiled, but Reliance Power shares are doing wonders even in the falling market.
On 23 July, the day the general budget was announced, the share price of Reliance Power was Rs 26.94, which rose to Rs 34.54 within a week.
Despite the market falling, there was a 5 percent jump in the shares of Reliance Power on Friday. In the last one year, the company has given a return of about 91 percent.