Shares of Reliance Power Ltd were last seen trading 1.52 per cent higher at Rs 28 on Wednesday. At this price, the multibagger scrip has gained 197.87 per cent in the past one year. RPower, in an exchange filing today, said, "We wish to inform that the subsidiaries of the company, namely Kalai Power Pvt Ltd and Reliance Cleangen Ltd, for the purpose of debt settlement has signed a debt settlement and discharge agreement with the wholly-owned subsidiary of Authum Investment and Infrastructure Ltd - RCFL on March 26, 2024, in settlement of the entire obligations with respect to their outstanding consolidated debt of Rs 1,023 crore."
"The wholly-owned subsidiary of Authum Investment and Infrastructure Limited - RCFL holds 7,59,77,000 equity shares in the company. Further, it is neither the related party nor part of the promoter group," it added.
Technical analysts remained divided on the counter. "The stock may slip towards Rs 22 level in the near term," said Ravi Singh, Senior Vice-President (Retail Research) at Religare Broking.
"Reliance Power looks slightly bullish on daily charts with strong support at Rs 26.3. A daily close above resistance of Rs 29 could lead to an upside target of Rs 34.4 in the near term," said AR Ramachandran from Tips2trades.
"Support will be at Rs 26.35 and resistance at Rs 28.50. A decisive close above Rs 28.50 level may trigger a further upside till Rs 32.65. Expected trading range will be between Rs 25 and Rs 32.65 for a month," said Jigar S Patel, Senior Manager - Technical Research Analyst at Anand Rathi Shares and Stock Brokers.
The counter traded higher than the 5-day, 10-, 20-, 30-, 50-, 100-, 150-day and 200-day simple moving averages (SMAs). The counter's 14-day relative strength index (RSI) came at 66.34. A level below 30 is defined as oversold while a value above 70 is considered overbought.
The company, part of the Anil Dhirubhai Ambani Group, has been settling its debt with its lenders. In the last three months, it has settled its dues to three banks, DBS Bank, ICICI Bank, and Axis Bank.
Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
FAQs
Reliance Power Share Price Target (2026 to 2030)
| Year | Maximum Target | Minimum Target |
|---|
| 2026 | Rs 83.39 | Rs 45.85 |
|---|
| 2028 | Rs 105.39 | Rs 48.50 |
| 2029 | Rs 116.55 | Rs 52.85 |
| 2030 | Rs 127.80 | Rs 53.20 |
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RPOWER Share Price Target 2024, 2025, 2026, 2027, 2028, 2029 To 2030
| Year | Initial Target | Year-End Target |
|---|
| 2024 | ₹29.22 | ₹41.07 |
| 2025 | ₹42 | ₹50 |
| 2026 | ₹51 | ₹56 |
| 2027 | ₹57 | ₹62 |
3 more rows4 days ago
Target Price
the lowest price of Reliance Power share in 2025 is ₹32.90 and the highest is ₹38.50.
Can Reliance Power be a multibagger? ›
At this price, the multibagger scrip has gained 197.87 per cent in the past one year. Reliance Power share price: The company said it has signed a debt settlement and discharge agreement with the wholly-owned subsidiary of Authum Investment and Infrastructure Ltd - RCFL.
What is the prediction for Reliance shares? ›
According to analysts, RELIANCE price target is 3180.68 INR with a max estimate of 3540.00 INR and a min estimate of 2238.00 INR. Check if this forecast comes true in a year, meanwhile watch RELIANCE INDS stock price chart and keep track of the current situation with RELIANCE news and stock market news.
Is Reliance a good buy now? ›
There are 10 analysts who have given it a strong buy rating & 13 analysts have given it a buy rating. 2 analysts have given the stock a sell rating.
What will be Reliance price in 2030? ›
Reliance Share Price Target 2024, 2025, 2026 To 2030
| Year | Initial Target | Mid-Year Target |
|---|
| 2027 | ₹4413 | ₹4147 |
| 2028 | ₹5049 | ₹4746 |
| 2029 | ₹5778 | ₹5431 |
| 2030 | ₹6613 | ₹6216 |
3 more rows4 days ago
Reliance's share price in 2025 is predicted to be between Rs 3859 and Rs 2484. What is the reliance share price target for the year 2030? Reliance's share price in 2030 is predicted to be between Rs 10315 and Rs 7611.
Which power share is best to buy? ›
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- Tata Power Company Ltd.
- Adani Energy Solutions Ltd.
- JSW Energy Ltd.
- NHPC Ltd.
- Torrent Power Ltd.
- SJVN Ltd.
- NLC India Ltd.
- CESC Ltd.
Reliance share price target
Expecting a big upside in RIL share price after the announcement of Reliance Q4 results 2024, Sumeet Bagadia, Executive Director at Choice Broking said, "RIL shares have made a strong base at ₹2,870 per share level.
Top Long Term Stocks to Buy in 2024 Based on 5Y Avg Net Profit Margin
| Stock Name | Sub-Sector | Share Price |
|---|
| HDFC Bank Ltd | Private Banks | ₹1,514.85 |
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| Tata Consultancy Services Ltd | IT Services & Consulting | ₹3,736.10 |
| Eicher Motors Ltd | Trucks & Buses | ₹4,742.95 |
6 more rows3 days ago
Rpower - About Us - Our Chairman - Chairman's Profile. Personal : Anil Dhirubhai Ambani, born on 4th June, 1959, in Mumbai. He is the younger son of the visionary entrepreneur Shri Dhirubhai Ambani and lives with his mother Kokilaben Dhirubhai Ambani in Mumbai.
How high will Reliance Power go? ›
Reliance Power share price target 2024
The stock is facing resistance at ₹30 apiece level. On breaching this hurdle, Reliance Power share price may go up to ₹34 per share level in the short term."
What is the target of Reliance Power in 2024? ›
Summary of RPOWER Share Price Forecast for 2024
The initial price target for Reliance Power Ltd in 2024 is projected to be ₹29.22. With favorable market conditions, the mid-year price target for Reliance Power Ltd could reach ₹36.62.
Is Adani buying Reliance Power? ›
The company purchased 26% stake in a thermal power plant to secure 500MW for captive use.
What is the price target for rattan power share in 2025? ›
Rattan Power Share Price Target 2025 is between Rs 23.20 and Rs 11.12. What is the Rattan Power Share Price Target 2026? Rattan Power Share Price Target for the year 2026 is between Rs 30.98 and Rs 15.09.
Why is Reliance Power falling? ›
Reliance Power, an Indian power company, reported an increase in its net loss in Q3 2023 to ₹1,136.75 crore. This financial strain came despite a slight increase in income (₹2,001.54 crore) as the expenses surged to ₹3,179.08 crore compared to the previous year.
Is Reliance Power profitable? ›
Net Profits:
Reliance Power Ltd's net profit fell -289.91% since last year same period to ₹-1136.75Cr in the Q3 2023-2024.
