Reliance Power ESOS Trust sells 85 lakh shares

The scrip opened at Rs 39.05 and has touched a high and low of Rs 39.85 and Rs 39.05 respectively.

Oct 24, 2017 08:10 IST India Infoline News Service

Reliance Power
Reliance Power Ltd is currently trading at Rs 39.6, up by Rs 0.35 or 0.89% from its previous closing of Rs 39.25 on the BSE. Reliance Power ESOS Trust has sold 85 lakh shares held by it.

The scrip opened at Rs 39.05 and has touched a high and low of Rs 39.85 and Rs 39.05 respectively. Last one week high and low of the scrip stood at Rs 40.9 and Rs 38.75 respectively.

The stock is currently trading below its 200 DMA.

Reliance Power, part of the Anil Dhirubhai Ambani group, is a company engaged in developing and operating power projects. It has ~6,000MW of operational capacity and produces ~20MTPA from captive coal blocks as of FY17. Its renewable operational portfolio stands at 200 MW.

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