Shares of Anil Ambani-owned company Reliance Power have seen a rapid rise in the last 4 years. Shares of Reliance Power fell by more than 99 percent to Rs. 1 happened. Here, in the last 4 years, the shares of the company have increased from 1 rupee to 28 rupees. Reliance Power shares have gained more than 2400% in the last 4 years. The country’s largest insurance company LIC has placed a big bet on Reliance Power. LIC owns more than 10 crore shares of Reliance Power.
The company’s share crossed Rs.1 to reach Rs.28
Shares of Reliance Power have rocketed in the last 4 years. Share of Reliance Power on 23 May 2008 was Rs. was at 274.84. The company’s shares fell more than 99 percent from this level and on March 27, 2020, traded at Rs. Reached 1.13. Share of Reliance Power on June 28, 2024 Rs. 1.13 to Rs. 28.93 has happened. Shares of Reliance Power have returned 2461% to the public in over 4 years.
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In this way 1 lakh rupees converted to more than 25 lakhs
Shares of Reliance Power on March 27, 2020 at Rs. was at 1.13. On June 28, 2024, the shares of the company were Rs. closed at 28.93. If a person buys shares of Reliance Power on March 27, 2020 for Rs. 1 lakh and has retained his investment in the shares of the company, Rs. 1 lakh, the current value of the shares bought is Rs. 25.60 lakh would have been. Shares of Reliance Power hit a 52-week high of Rs. is 34.35. At the same time, the company’s shares hit a 52-week low of Rs 13.80.
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LIC owns 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 holds 2.56% stake in Reliance Power. This shareholding data is up to March 2024 quarter.