Shares of Reliance Power continued their decline on October 7, hitting the 5 percent lower circuit for the third consecutive session as investors engaged in profit-booking. The stock is now trading 11 percent below its 52-week high of Rs 53.64, which it reached last week.The stock has surged over 60 percent in the past month, fueled by strong investor sentiment after the Anil Ambani-led company an...

Shares of Reliance Power fell to a 5 percent lower circuit on October 4 amid market weakness. The slump comes a day after the Anil Ambani-promoted company said its board has approved the issue of up to Rs 4,200 crore worth of Foreign Currency Convertible Bonds (FCCBs), on a private placement basis, to affiliates of Värde Investment Partners.The FCCBs would have an ultra-low cost interest of 5 per...

Shares of Reliance Power fell nearly 5 percent during morning trade on the NSE on April 15 after the company had reported that it had completed the slump sale of its Vashpet, Maharashtra wind power project to JSW Renewable Energy. At 10 am, the stock was trading at Rs 26.JSW Energy was also down 1.29 percent, trading at Rs 608.50.In a regulatory filing on April 12, Reliance Power reported that it ...

Cool bullsVoltas shares have been on a roll of late. Conviction in the stock seems to have gone up in the last couple of sessions after the company surprised the Street with a strong operating performance in the March quarter. The proprietary desk of the Pearl brokerage had been steadily accumulating stock for HNI clients over the last few months even as most analysts tracking the sector were skep...

Reliance Power (RPL) has received its board’s approval to raise upto Rs 933 crore by way of equity infusion from a group company of global investment firm Varde Partners.This comes days after the Anil Ambani group company entered into an agreement with Varde Partners to raise up to Rs 1,200 crore in debt, which it was planning to use for settling debt.In a stock exchange update on Thursday, the ...