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HomeSHARE MARKETIPO Was Listed At ₹530, Now Share Only ₹28, What Is The...

IPO Was Listed At ₹530, Now Share Only ₹28, What Is The Future Of This Share?

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Reliance Power Limited (NSE: RPOWER) Share: Today, in this post we’ll discuss about Reliance Power latest news, fundamentals, potential growth areas, and all sorts of information regarding this company to gain a better understanding.

We hope our analysis will provide you better insight about the company.

A tremendous rise was seen in the shares of Reliance Power in the last week of the financial year 2024.

After being in base construction mode between January 10th 2024 through March 13 2024, this business is part of Reliance ADAG (Anil Dhirubhai Ambani Group) is making headlines this week in relation to debt reduction as well as capital investment made by Reliance Commercial Finance.

This prompted a major purchase of Reliance Power shares. The share price of Anil Ambani’s company has reached the level of ₹28.25 per share on NSE after ending at ₹20.40 per share on March 13, 2024. 

It’s a sign that there’s been an increase of around 40 percent over the past week. However, the shares of Reliance ADAG have demonstrated significant gains following the Covid rebound.

Over the past four years the price of shares at Reliance Power on the NSE has risen to Rs1.20 for each share, to Rs 28.25 per share. An increase of about 2,250 percent has been recorded in this time.

IPO Came At ₹450

Reliance Power shares will have to travel a long distance to recover the money of its investors that had been invested in its shares at the time of its listing.

Reliance Power IPO was launched in January 2008 with the price range between Rs 405 and Rs 450 per equity share. 

The price was priced with a price of Rs 547.80 at the BSE and Rs 530 on the NSE. Following the listing of shares, Reliance Power was also awarded three times the number of shares as bonus.

The Price Target Of Reliance Power

Commenting on the outlook for Reliance Power shares, Reliance Power shares have seen an upward trend over the last two weeks. The stock is experiencing difficulties at the Rs 30/share price. 

Reliance Power shares have strong support around the price of Rs 22 per share. Therefore, investors who own Reliance Power shares in their portfolio should keep the limit of loss at the price of Rs 22.

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

Market Cap₹ 10,767 Cr.
Current Price₹ 28.2
52-wk High₹ 33.2
52-wk Low₹ 9.95
Stock P/E
Book Value₹ 34.3
Dividend0.00 %
ROCE3.42 %
ROE-11.8 %
Face Value₹ 10.0
P/B Value0.82
OPM10.8 %
EPS₹ -3.61
Debt₹ 20,605 Cr.
Debt to Equity1.60

Reliance Power Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹35₹ 52
2025₹ 58₹ 87
2026₹ 100₹ 143
2027₹ 154₹ 165
2028₹ 176₹ 200
2029₹ 216₹ 254
2030₹ 287₹ 300
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Reliance Power Shareholding Pattern

Promoters Holding
Mar 202324.99%
June 202324.99%
Sept 202324.50%
Dec 202324.50%
Mar 202423.24%
FII Holding
Mar 20237.35%
June 20237.34%
Sept 20237.66%
Dec 20238.37%
Mar 202413.16%
DII Holding
Mar 20233.17%
June 20233.17%
Sept 20235.16%
Dec 20235.19%
Mar 20244.94%
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Govt. Holding
Mar 20230.01%
June 20230.01%
Sept 20230.01%
Dec 20230.01%
Mar 20240.00%
Public Holding
Mar 202364.47%
June 202364.49%
Sept 202362.67%
Dec 202361.95%
Mar 202458.64%

Reliance Power Limited Share: Last 5 Years’ Financial Condition

To better understand 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₹7,650 Cr
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Last 5 Years’ Net Profit:

2019₹-2,952 Cr
2020₹-4,271 Cr
2021₹454 Cr
2022₹-915 Cr
2023₹-1,414 Cr

Last 5 Years’ Debt-To-Equity Ratio:

20191.56
20202.04
20211.68
20221.85
20231.83

Last 10 Years’ Profit Growth:

10 Years:
5 Years:
3 Years:
Current Year:-125%

Last 10 years’ Return on Equity (ROE):

10 Years:2%
5 Years:-3%
3 Years:-6%
Last Year:-12%

Sales Growth Over 10 Years:

10 Years:4%
5 Years:-5%
3 Years:0%
Current Year:0%

Conclusion

This article is a complete guide about Reliance Power Limited Share. This information and forecasts are based on our research, company fundamentals, history, experiences, and technical analyses. 

Also, We have discussed the share’s prospects and growth potential in detail. This information will help you in your further investment. 

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Disclaimer: The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. 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.

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