If you are looking for “Reliance Power share price targets” for upcoming years you are in the right place. Before we dive into Reliance Power stock price targets, Let’s understand the Reliance Power company background, technical fundamentals etc.
About Reliance Power Limited
Reliance Power Limited is a subsidiary of Reliance Group. Reliance group has 2 energy sectors which are Reliance Infrastructure and Reliance Power.
Reliance Power has the largest portfolio of power projects on thermal & renewable energy in the private sector. It has close to 6000 MW of operational power generation assets
Reliance Power has been established to develop, construct and operate power projects both in India as well as internationally.
Fundamentals of Reliance Power
Let’s look at the fundamentals of Reliance Power, based on which we can get a clear understanding of the expertise in the power sector.
- Current Market Cap: The current market cap of Reliance Power as of July 16 2022, is ₹3995.15 Cr.
- P/E Ratio: The current price to earning ratio of Reliance Power is 0.
- EV/EBITDA: 67.21
- Sales Growth: Sales growth over the period of time for Reliance Power is -27.01%
- Profit Growth: Profit growth is around 114.23 % over the period of time
Reliance Power Price Target Details
We have done a complete analysis of Reliance Power and have come up with its share price targets for upcoming years.
Note: These price targets of “Reliance Power” is only for reference purpose only, this prediction is only if there are positive market sentiments, and any uncertainties in the company or global market condition is not covered in this analysis.
| Year | Reliance Power Share Price Targets (₹) |
|---|---|
| 2022 | 25 |
| 2023 | 33 |
| 2024 | 52 |
| 2025 | 69 |
| 2026 | 73 |
| 2027 | 123 |
| 2028 | 140 |
| 2029 | 180 |
| 2030 | 210 |
After analysing the chart deeply by taking the monthly time frame analysis on the trading view chart of Reliance Power we found,
The target share price of Reliance Power for the year 2022 will be ₹25
The target share price of Reliance Power for the year 2023 will be ₹33
The target share price of Reliance Power for the year 2024 will be ₹52
The target share price of Reliance Power for the year 2025 will be ₹69
The target share price of Reliance Power for the year 2027 will be ₹73
The target share price of Reliance Power for the years 2027, 2028, 2029, and 2030 will be ₹123, ₹140, ₹180, and ₹210 respectively.
Reliance share price will boom soon, wait for the bull market, it will beat all the power industry and it will become the major stock in power industry
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Powe industry major players are reliance power, power grid, tata power, these stocks are future of Indian power industry, share price target for 2022 for reliance power im pretty sure it will hit Rs.30, and 2023 it will Rs.50
Just wait and watch