Reliance Power jumps 5%, marks fresh 52-week high in market rally

Shares of Reliance Power jumped 4.8% on Tuesday, hitting a new 52-week high of ₹67.68 on the BSE. The stock has surged 76% in the past month and 173% over the last year.

This impressive rally is driven by multiple positive factors, including new project wins, favourable court rulings, fresh equity infusion, and a return to profitability in the March quarter. In May alone, the stock soared 45.5%, with a 10% gain recorded in just the past week.