Overview
- Reliance Power posted a consolidated profit of Rs 125.57 crore in Q4FY25, reversing a Rs 397.56 crore loss in the same quarter last year.
- Shares rallied 11% on June 10 to a decade-high of Rs 71.35 on the BSE, marking a 174% gain over the past year.
- Reliance NU Energies secured a letter of award for a 350 MW solar project and a 175 MW/700 MWh battery energy storage system from SJVN Limited.
- Analysts at Angel One recommend buying on dips, citing Rs 56–57 as a strong support range and identifying Rs 72 as near-term resistance.
- Some technical analysts caution that failure to clear Rs 65 resistance could trigger a short-term consolidation toward the Rs 58–59 support zone.