On June 18, in the Nifty500 pack five stocks rallied over 1% relative to the VWAP (Volume Weighted Average Price), and a shift above the VWAP suggests a potential bullish trend, according to stockedge.com’s technical scan data. When the closing price rises above the VWAP, it signifies that the closing price is higher than the…
New Delhi, Reliance Power on Friday posted a consolidated net profit of Rs 126 crore in January-March quarter of FY25 due to lower expenses. The company had reported a loss of Rs 397.56 crore in the quarter ended on March 31, 2024, a regulatory filing showed. Total income dipped to Rs 2,066 crore in the…
Reliance Power‘s board on Thursday approved raising $500 million (Rs 4,200 crore) through unsecured foreign currency convertible bonds (FCCBs), the company said in a regulatory filing. The FCCBs are to be issued to affiliates of Värde Investment Partners, LP, a leading Global Alternative Investment Firm. “Issue of up to $500 million ultra-low cost interest of…