Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Reliance Power is giving a sense of bottoming out. It is also giving a head and shoulder bullish pattern and probably worth taking a punt, worth taking on the long side."
The share touched its 52-week high Rs 111.35 and 52-week low Rs 58.55 on 05 July, 2012 and 28 March, 2013, respectively. Currently, it is trading 40.59 percent below its 52-week high and 12.98 percent above its 52-week low. Market capitalisation stands at Rs 18,555.91 crore.
Also Read: Tata Power consumers to pay 25% more tariff
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
