Reliance Energy Limited

Reliance EnergyInvestors with a quick viewpoint can consider taking fresh exposure in the Reliance Energy stock. It has shown brilliant upward movement on Friday, and this is the time you must go with this stock to reap good returns.

The stock has seen a decent rise in recent trading sessions. It has gained 7.5% on Friday, and there are lots of big expectations from this stock in today’s session.

Reliance Energy has an intraday target of Rs 1774-1823. So, the interested investors do not miss the opportunity, and purchase this stock with a stop loss at Rs 1692.

Investors need not to worry as the stock has the capacity to break its earlier records, and achieve the said target.

On 19 Nov, the company has also made announced that it has alloted 1,071,553 equity shares of Rs 10 each, for cash at a price of Rs 1,006.92 a share to different foreign institutional investors, against the conversion of 23,850 zero coupon foreign currency convertible bonds.

Consequent upon the said allotment, the paid-up capital of the company stands increased to 234,109,900 fully paid-up equity shares of Rs 10 each.