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 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,

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.

Reliance Power stock rose 5% to Rs 46.36 in early deals against the previous close of Rs 44.16 on BSE. The stock is trading in the green for the last 12 sessions.

Reliance Power shares have shown strong performance across multiple time frames, delivering a 10.64% return in the past month and a 38.22% increase over six months. Year-to-date, the stock has surged 59.

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.

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.