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Reliance Power's stock soars over 2,400% in five years, driven by renewable energy growth, but analysts advise caution.
Reliance Power's stock hit a 52-week high of Rs 63.94, up over 2,400% in five years, fueled by growth in renewable energy projects.
The company recently won a 350 MW solar project and plans a 500 MW project in Bhutan.
Despite the surge, analysts advise caution near resistance levels due to high volatility and a price-to-earnings ratio of 385.75.
The stock has also been placed under short-term surveillance due to price fluctuations.
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Las acciones de Reliance Power se disparan más de 2.400% en cinco años, impulsadas por el crecimiento de la energía renovable, pero los analistas aconsejan precaución.