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,

Shares of Reliance Power, led by Anil Ambani, have seen a sharp decline, hitting the 5% lower circuit for the fourth consecutive session. Currently priced at Rs 45.98, the stock is down 16% from its recent 52-week high of Rs 53.64, which was reached just last week.

Reliance Power said the FCCBs would be convertible into 82.30 crore equity shares of Rs 10 apiece at the conversion price of Rs 51, including a premium of Rs 41 per equity share.

The stock was hitting 5% upper circuit for the past 12 sessions, while it maintained an uptrend since September 12, rising 72% during the same period.

Reliance Power and Reliance Infrastructure share prices are in a downward spiral after the latter company’s  board approved  Foreign Currency Convertible Bonds (FCCBs) worth of Rs 4,200 crore.

Reliance Power stock was stuck in the lower circuit of 5% at Rs 48.43 in the current session against the previous close of Rs 50.97 on BSE. Market cap of the firm fell to Rs 19,454 crore

Reliance Power shares hit the 5 percent upper circuit for the eighth consecutive session, driven by key contract wins and favorable corporate developments.

Reliance Power share price was locked in the 5% lower circuit today after scaling a one-year high on Friday. The stock has risen 80% in the last one month and delivered multibagger gains of 170% in the last one year.

YTD, Reliance Power surged by 93.53%, while in a year, the stock advanced by 142.04%. Meanwhile, YTD and NTPC gained by 42% and Power Grid surged by 48.9%. In a year, NTPC gained by 85.74% and 76.66%.

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.