The stock had soared over 60 percent in the past month, driven by strong investor sentiment following the announcement that the Anil Ambani-led company had become debt-free.

Reliance Power shares are currently trading above their 5-day, 50-day, 100-day, and 200-day moving averages, with a relative strength index (RSI) of 79, indicating overbought conditions. Read on further to find out about Anil Ambani's Reliance Power share price,

The Reliance Anil Dhirubhai Ambani Group stock, after adding 72% in 15 sessions between September 12 and October 3, has fallen over 14% in three days.

So, Bagadia expects around 33% more upside from Reliance Power shares' current market price of ₹ 46.35 apiece.

Reliance Power shares have soared 73 per cent in the past one month. The stock is up 124 per cent year-to-date and 186 per cent in the past one year.

This will be the second board meeting after Reliance Power held one on September 23, 2024, with the board approving a ₹1,524.60 crore preferential issue

Gaining by over 56% on NSE, Reliance Power becomes multi-bagger faster than Maharatna PSUs NTPC and Power Grid Corporation. The reason behind investors newfound faith in Reliance Power is because of back-to-back fundraising proposals and reducing its debt drastically.

Reliance Power shares hit a 5 percent lower circuit for the third session in a row amid profit-booking, following a strong 60 perent surge last month after the company declared itself debt-free.