The Anil Ambani-led Reliance Power completed a decade since its public listing on the exchange. The scrip created ripples in the market for enjoying a valuation higher than existing power generation companies. On February 11, 2008, the company made its debut on the exchanges with a listing price of Rs 232.7 per share. The stock, however, was on a steady downfall.
Now the price is at Rs 47.4 per share. The company's stock performance left the Street wondering if it was over-priced
Now the price is at Rs 47.4 per share. The company's stock performance left the Street wondering if it was over-priced