Reliance Power

Anil Ambani Rides the Bull: Reliance Power and Infrastructure Stocks Go Ballistic!

Reliance Power and Infrastructure stocks are skyrocketing! Anil Ambani is on the road to billion-dollar glory again. Dive in to see how these stocks are breaking records and making investors smile!

In recent weeks, Reliance Infrastructure and Reliance Power have been on an incredible upward trajectory, showcasing impressive gains that have made headlines and turned heads in the world of finance. Reliance Infrastructure shares soared an astonishing 60% during September, closing at ₹336.20 apiece, their highest level since December 2018. Meanwhile, Reliance Power was not to be outdone, as its shares jumped approximately 73%, hitting fresh one-year highs of ₹51.10. Investors are surely feeling the love from Anil Ambani's empire as these stocks rally dramatically.

What's driving this exhilarating ride? Much of the excitement around Reliance Power can be attributed to the company's upcoming board meeting on October 3, where discussions regarding long-term fundraising from both domestic and global markets are on the table. This strategic approach signals a proactive move by the board and bolsters investor confidence, pushing share prices even higher. In fact, the market capitalization of Reliance Power has surpassed ₹20.53 lakh crore, marking a significant milestone.