The shares of Reliance Power, a company owned by Anil Ambani, have seen a rapid rise in the last 4 years. Shares of Reliance Power fell by more than 99 percent to Rs 1. Here, in the last 4 years, the shares of the company have increased from Re 1 to Rs 28. Reliance Power shares have increased by more than 2400% in the last 4 years. The country’s largest insurance company LIC has placed a big bet on Reliance Power. LIC has more than 10 crore shares of Reliance Power.
Shares of the company crossed Rs 1 to Rs 28
Reliance Power shares have risen like a rocket in the last 4 years. Shares of Reliance Power were at Rs 274.84 on 23 May 2008. The company’s shares fell by more than 99 percent from this level and reached Rs 1.13 on March 27, 2020. Shares of Reliance Power have increased from Rs 1.13 to Rs 28.93 on June 28, 2024. Reliance Power shares have given a return of 2461% to the people in the last more than 4 years.
Returns up to ₹ 7 lakh on investment of ₹ 10 thousand, these companies will create a stir in 2024
This is how Rs 1 lakh was converted into more than Rs 25 lakh
Shares of Reliance Power were at Rs 1.13 on March 27, 2020. The company’s shares closed at Rs 28.93 on June 28, 2024. If a person had invested Rs 1 lakh in Reliance Power shares on March 27, 2020 and had maintained his investment in the company’s shares, then the current value of the shares purchased with Rs 1 lakh would have been Rs 25.60 lakh. The 52-week high level of Reliance Power shares is Rs 34.35. At the same time, the 52-week low level of the company’s shares is Rs 13.80.
Robbery of buying a share worth ₹7, upper circuit is continuously appearing, effect of this news
LIC has more than 100000000 shares of the company
Insurance company LIC has placed a big bet on Reliance Power. LIC holds 10,27,58,930 shares of Reliance Power. LIC has 2.56% stake in Reliance Power. This shareholding data is till March 2024 quarter.
