Reliance Power shares soar 15%. Here’s what is fuelling the rally
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Shares of Reliance Power gained as much as 15% to their day’s high of Rs 50.75 on the NSE on Friday, October 10, amid renewed buying interest and strong volumes. Data showed that around 7 crore equity shares of the company changed hands, compared to its one-week and one-month average trading volumes of 2 crore shares each. Last week, the company received Show Cause Notices from the Securities and Exchange Board of India (SEBI) related to matters concerning CLE Private Limited. The issue stems from past exposures and disclosures regarding CLE. The company denied any ongoing financial ties, though regulatory scrutiny has drawn market attention, especially as the notices came months after settlements and clarifications were already recorded. Q1 Performance Snapshot Anil Ambani-led Reliance Power reported a consolidated net profit of Rs 44.68 crore for Q1 FY26, a turnaround from a loss of Rs 97.85 crore in the same quarter last year.Revenue f...