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” are only for reference purposes. This prediction is only if there are positive market sentiments, and any uncertainties in the company or global market condition are 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 |
Also Check:
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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
As we said before when writing this share price target article, the RPOWER share price was around ₹13.5, with a recent bull rally on Sep 6, 2022, it peaked to ₹25. Now though the price is falling, since the stock was overbought due to hype or FOMO, hence the RPOWER became overvalued for this period of time. But soon again it will reach ₹25 again.
By looking at trend in the chart and other upcoming projects we strongly feel that there is again 70-90% appreciation in its price, if you are going to invest now, accumulate only fewer shares for now, since its support line is at 19.15, if the support line breaks below ₹19, It will again fall to ₹17.05 which is next support, try to accumulate again in this zone.
The target share price of Reliance Power for the year 2023 will be ₹33
In 2024 power sector will rise, and eventually RPOWER too, due to this, it will achieve its targeted share price soon, with its stong fundamentals, and Ambani brand value it might beat many power industries.
The target share price of Reliance Power for the year 2024 will be ₹52
Most of the investors are keeping an eye on the 2025 target since it is when most of the power industry projects will be completed at a certain stage, this completion of projects will definitely help in boosting the stock price.
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.
Please analyse debt equity ratio and reputation of Anil Ambani in last 4 years.
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.now it Rs 20.15.
Yes Santosh 🙂
Reliance power current share price is Rs. 13.30, on what basis it will reach to 25 i.e. 90% appreciation in share price. could you please share your analysis that is reaching to 25 comparing to current share price.
Hello Ashwin, good point, we have analyzed the chart, and what we found is on Feb 2022, RPOWER got traded at ₹19.20, and it got the lowest trade at ₹10.90, which 100% depreciation, being this as a penny stock, it not a big deal to reach 90% appreciation in next coming month(by end of December), now its already trading at 15.5.
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
I am Anil Singhvi, the Journalism director of Zee business, I came across this Stockipo, who writes about the share price targets, i was curious to see how this share price target works, when i came here i got to know the information what the financial writer provided here is properly analyzed and researched.
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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