Reliance Energy Inventory Worth: On Could 30, there was an incredible buy within the shares of Anil Ambani’s firm Reliance Energy. Within the day, the share worth on BSE jumped as much as 16 p.c to a excessive of Rs 60.50. This can be a 10 -year excessive of the inventory. On the closure of the enterprise, the inventory was up greater than 11 p.c to settle at Rs 58.16. There was no particular motive for heavy purchases within the inventory. Nevertheless, on Could 28, the corporate instructed the inventory markets that its subsidiary Reliance Nu Energies Personal Restricted obtained a letter of award from Navratna CPSE SJVN Restricted. Is for (bess). As soon as operational, the platform will add 600 mW photo voltaic DC capability and 700 MWh (MW Hour) BESS capability to the portfolio of Reliance Energy. Earlier, Reliance Nu Energies, earlier than this emerged as a profitable bidder in a aggressive public sale organized by SJVN. The corporate achieved the undertaking at a hard and fast price of Rs 3.33/kWh hour for a interval of 25 years. The undertaking was a part of the 1,200 MW photo voltaic + 600 MW/2,400 MW BESS tender. 19 builders participated to attain the undertaking. The involved Khabarashare has elevated to Rs 23300 crore in 1 month, 45 p.c sturdy Reliance Energy. The inventory has gained 74 p.c within the final 3 months and 45 p.c in a month. On the identical time, it has seen an increase of 29 p.c in 2 weeks. The face worth of the inventory is Rs 10. Promoters had 24.98 p.c stake within the firm as of seven Could 2025. In line with BSE information, the inventory has returned 135 in a 12 months and 2852 p.c in 5 years. On Could 30, the shares recorded the buying and selling quantity about 2 occasions greater than the 10-day common. In line with Religare Broking Analysts, the share of Reliance Energy can go as much as Rs 65. How a lot cost Disclaimer: The recommendation or concept consultants/brokerage companies given on Moneycontrol.com have their very own private views. The web site or administration just isn’t liable for this. Moneycontrol advises to customers that at all times search the recommendation of licensed consultants earlier than taking any funding resolution.
