Reliance Power shares have hit back-to-back upper circuits for the past 11 sessions, rallying 70.8 per cent. On Thursday, the Anil Ambani stock zoomed 5 per cent to trade at the upper limit of the day at Rs 53.

So, Bagadia expects around 33% more upside from Reliance Power shares' current market price of ₹ 46.35 apiece.

Reliance Power (RPower), led by Anil Ambani, has seen its shares surge by around 55% over the past nine trading sessions. From a closing price of Rs 31.40 on September 17, the stock has been hitting upper circuits consecutively, reaching Rs 48.66 by the latest session.

Anil Ambani-run Reliance Group said on Wednesday it would jointly develop solar and hydro power projects in Bhutan along with the government's investment arm. The Indian conglomerate, run by the younger brother of Asia's richest man Mukesh Ambani,

On October 2, 2024, Anil Ambani-run Reliance Group announced a significant partnership with Druk Holding and Investments Ltd. (DHI), the investment arm of the Royal Government of Bhutan, to enhance the renewable energy landscape in the country.

YTD, Reliance Power surged by 93.53%, while in a year, the stock advanced by 142.04%. Meanwhile, YTD and NTPC gained by 42% and Power Grid surged by 48.9%. In a year, NTPC gained by 85.74% and 76.66%.

The shares of Anil Ambani -led Reliance Power are making headlines as they continue to climb, hitting the 5 per cent upper circuit for the 11th consecutive session, priced at Rs 53.65 per share on Thursday (October 3).

Shares of Reliance Power jumped to a new 52-week high after the company announced a partnership with Bhutan's Druk Holding to develop large solar and hydroelectric projects.

Anil Ambani-backed Reliance Power shares surged by 5 per cent for the eleventh consecutive session on October 3, hitting a fresh 52-week high of Rs 53.65 on the NSE and Rs 53.64 on the BSE. The rally comes as the company announced its entry into Bhutan’s renewable energy sector,