Reliance Power stock rose 5% to Rs 46.36 in early deals against the previous close of Rs 44.16 on BSE. The stock is trading in the green for the last 12 sessions.

Reliance Power shares hit the 5 percent upper circuit for the eighth consecutive session, driven by key contract wins and favorable corporate developments.

One block deal was executed before the market opened and the others at the start of trading, with Reliance Power shares being transacted at a price of Rs 43.75 per share.

Shares of Anil Ambani's Reliance Power rallied another 5% on Thursday, reaching a fresh 52-week high of Rs 44.15 on the NSE. Today marked the seventh consecutive day that the small-cap stock, a favorite among retail investors,

Reliance Power shares have shown strong performance across multiple time frames, delivering a 48.99% return in the past month and a 67.63% increase over six months. Year-to-date, the stock has surged 98.

On the last trading day, Reliance Power had a stable performance, with the stock opening, closing, reaching a high, and hitting a low all at ₹46.36. This indicates that there was no fluctuation in the stock price throughout the day.

The stock hit its 5 per cent upper circuit limit at Rs 40.06. With this, the stock is up 35.48 per cent in nine sessions and 67 per cent in 2024 so far.

Reliance Power shares have shown strong performance across multiple time frames, delivering a 10.64% return in the past month and a 38.22% increase over six months. Year-to-date, the stock has surged 59.

The rally in the company's shares follows the announcement of a board meeting scheduled for September 23, 2024, to discuss a significant fundraising proposal.