Power Share:Reliance Power Share of Reliance Group, led by industrialist Anil Ambani, is witnessing a sharp decline these days. The company's share has been witnessing a continuous decline for the last several sessions. The company's share also hit a lower circuit of 5% last Friday and reached Rs 44.23. However, before this, it was continuously hitting an upper circuit. This share has climbed more than 50% in a month. It has gained up to 70% in six months. This share has climbed up to 85% so far this year.

Multibagger returns in a year

Reliance Power's stock has gained 150% in a year. During this period, the stock rose from Rs 17 to its current price. In five years, this power company's stock has seen a gain of 2,006.19%. During this period, its price has risen from Rs 2 to its current price. However, in the long term, this stock has fallen by more than 85%. On May 23, 2008, the price of this stock was Rs 247.

Major company decisions

Let us tell you that recently Reliance Group companies - Reliance Infrastructure Limited and Reliance Power Limited are ready to raise funds of Rs 17,600 crore and implement their growth strategies with zero debt position. Both the companies have announced to raise Rs 4,500 crore in the last two weeks through preferential issue of equity shares and Rs 7,100 crore through equity linked long term FCCB from renowned global investment company Varde Partners. Their maturity period is 10 years and the interest rate is five percent. Earlier, the board of directors of Reliance Power on Thursday approved raising $ 500 million (about Rs 4,198 crore) by issuing bonds. At the same time, in the month of September, the company also announced to end the debt free.