Ambani's company surges 35% in 8 days, read What are the experts' advice for investors?

The share price of Reliance Power has seen a surge since last one week. Anil Ambani's stock has been showing a continuous upper circuit from the lows of Rs 20. On Tuesday, once again the shares of the company took a circuit above 5 percent, after which the share price of the company reached the level of Rs 27.58 on the BSE. Let us tell you that on March 13, the price of one share of Reliance Power was Rs 20.40. Since then, the company's stock has seen a steady rise.

35% increase in price in 8 days

Share price of Reliance Power has increased by 35 percent in the last 8 trading sessions. In such a situation, the question is now what should local investors do with this share? Hold or sell after making a good profit? Let's know what brokerage firms say?

What does the expert say?

Experts associated with the stock market believe that this increase in the share price of the company is being seen due to the repayment of loans from ICICI Bank, Axis Bank and DBS Bank. He believes that the infusion of fresh funds into the company is also the main reason for the rise in the stock. Experts believe that if the stock manages to cross the Rs 30 level, it can go up to the Rs 34 level. Stop loss is to be kept at 22 rupees.

Sumit Bagdia, Executive Director, Choice Broking, says, “Reliance shares are currently trading at Rs. 22 to Rs. Trading in a band of 30. Shares can go up to the level of Rs.34. In such a situation, investors who own shares are advised to hold. But stop loss has to be kept at Rs 22.

Disclaimer :  tv9 hereby declares that stock market investment is subject to financial risks. Investments in the stock market may also face losses. Our advice is to always seek expert advice before investing.