The shares of the company owned by Anil Ambani hit the upper circuit on Wednesday, the third trading day of the week. Notably, the stock is gaining momentum even after breaking 99% from its highs. We are talking about Anil Ambani’s power stock Reliance Power Share. The stock of this company has proved to be a multibagger stock for the investors. This stock has almost doubled investors’ money in just one year. The price of this share was around Rs 1, but now it has crossed Rs 41.
Amidst the boom in the stock market, this stock gained rocket speed
The stock market opened with gains on Wednesday. Sensex opened above 81 thousand. As soon as the market opened, shares of Anil Ambani’s company Reliance Power hit upper circuit and reached Rs 41.09. The increase in shares has also affected the market capitalization of the company and it has increased to Rs 16510 crore.
