Reliance Power Limited is making headlines today, as the share price has gone 0.68% up since the market opening. Should you buy or hold or sell these shares? Let’s check company financials, recent news and recommendations.
Reliance Power Share Price in The Market Today
As of today, Suzlon Share price is at Rs 69.65. That is 0.68% up since the market opening, and touched a high of Rs 70.50. The current UC limit is at Rs 72.63 and the LC limit is at Rs 65.72. The total market capitalization of the company stands around Rs 28,867 crores.
Company Financials
The financial report for the Q4 has been published by Reliance Power. Where a slight growth of 0.31% can be seen in the total income of Rs 1978.01 cr. Operating profits were Rs 378.43 crores, and operating margins were at 19.13%. Total profit after tax was Rs 125.57 crores.
Recent News About Reliance Power
- The company has secured a significant order, including a 350 MW Solar project with SJVN and a 930 MW integrated solar project, which expands the clean energy pipeline to 2.4 GWp solar. Also total capacity in battery storage gets to 2.5 GWh.
- Though Reliance Power share had a correction of nearly 17% in June the stock has still been 130% up over the past year. This indicates strong trading interest among investors.
Reliance Power Share Price Target
Reliance Power share have multiple target prices mentioned by different institutions and analysts. MoneyMintIdea suggested a target between Rs 50 and Rs 90. SharePrice-Target.com suggested between Rs 26 to Rs 82. However, Consensus hasn’t suggested any target for Reliance Power.
Recommendation on Buy or Sell
According to the INDmoney, Reliance Power Shares have increased in volume or transactions. But no clear indication or recommendation is given on either moneycontrol or Trendlyne.
Disclaimer: All the information shared in this article is for informational purposes only. Any recommendations mentioned are made by individual analysts or experts. India Hood does not recommend Buy or Sell, nor will she be responsible. Investors are strongly advised to consult with certified experts before making any investment decisions.
