Reliance Power Shares Soar 7% Amid Flat Market: Multibagger Returns Continue

Market Overview

Despite a muted trend in the Indian stock market, Reliance Power shares made headlines on April 24 by posting a sharp gain. The broader indices were trading lower, with the Sensex slipping 194.77 points (0.24%) to 79,921.72, while the Nifty 50 dipped 56.75 points (0.23%) to 24,272.20.

Amid this subdued sentiment, the BSE Power Index still edged up 0.28%, thanks to gains in key power sector stocks like Tata Power, Adani Green, NTPC, and Reliance Power.

Reliance Power Shares Rally Over 7%

On Thursday, Reliance Power shares surged as much as 7.62%, touching a high of ₹46.87 apiece on the BSE. By 9:35 AM, the stock was trading at ₹46.20, up 6.08% from the previous close.

The spike was backed by substantial trading volumes, with nearly six crore shares exchanging hands across the NSE and BSE—significantly higher than the five crore weekly average.

Stunning Long-Term Returns

Reliance Power shares have become a case study in long-term wealth creation, delivering extraordinary returns to investors:

• 294% gains over the last 2 years
• An eye-popping 2,031% jump over the past 5 years
• Up 22% in just the past month
• 68% growth in the previous 12 months
• 4% up year-to-date (YTD)
• Over 20% gains in the past 3 months

This remarkable trajectory firmly places Reliance Power in the multi-bagger category, capturing the attention of investors worldwide.

Company Snapshot: Reliance Power

Reliance Power, part of the Anil Ambani-led Reliance Group, operates in the power generation and infrastructure sector. It develops, constructs, and operates power projects domestically and internationally.

The stock's recent movements reflect renewed investor interest, especially amid India's broader push for renewable and clean energy.

Summary

• Reliance Power shares jumped over 7% on April 24, defying a flat broader market.
• Around six crore shares were traded—surpassing average volumes.
• Over 5 years, the stock delivered over 2,000% returns.
• Recent performance includes a 22% monthly gain and 68% over the year.
• The stock's upward momentum continues despite the sideways trend in the broader market.