Shares of Reliance Power rose nearly 4% in ewarly deals on Monday after the Anil ASmbani led firm said it has signed commercial term sheet for long-term Power Purchase Agreement (PPA) with Green Digital Private Limited (GDL), owned by Druk Holding and Investments Limited (DHI), the investment arm of the Royal Government of Bhutan.
Reliance Power shares gained 3.63% in early deals today to Rs 46.72 against the previous close of Rs 45.08 on BSE. Market cap of the firm climbed to Rs 18,510 crore. Total 58.98 lakh shares of the firm changed hands amounting to a turnover of Rs 27.19 crore on BSE.
Reliance Power shares have a beta of 1.3, indicating very high volatility in a year. The stock is trading higher than the 5 day, 10 day, 20 day, 30 day, 50 day, 100 day, 150 day and 200 day moving averages.
Reliance Power’s relative strength index (RSI) stands at 63.8, which signals the stock is trading neither in the overbought nor in the oversold zone. Read more
Source: Business Today