Reliance Power shares hit the upper circuit before the board meeting scheduled for today, September 23, 2024.
The board will meet today to discuss a fundraising proposal, increasing investor interest and market activity.
Reliance Power's share price reached ₹38.15 on the NSE at 10:25 AM on 23rd September, hitting the 5% upper circuit for the fourth consecutive session.
Reliance Power recently settled ₹3,872 crore in obligations, achieving a debt-free status, which has bolstered market confidence.
Reliance Power shares have consistently hit the upper circuit since 18th September 2024, reflecting strong investor sentiment.
With a net worth of ₹11,155 crore and a debt-free balance sheet, Reliance Power is well-positioned for future growth.