The stock had soared over 60 percent in the past month, driven by strong investor sentiment following the announcement that the Anil Ambani-led company had become debt-free.

Reliance Power shares are currently trading above their 5-day, 50-day, 100-day, and 200-day moving averages, with a relative strength index (RSI) of 79, indicating overbought conditions. Read on further to find out about Anil Ambani's Reliance Power share price,

Reliance Power shares hit a 5 percent lower circuit for the third session in a row amid profit-booking, following a strong 60 perent surge last month after the company declared itself debt-free.

The stock was hitting 5% upper circuit for the past 12 sessions, while it maintained an uptrend since September 12, rising 72% during the same period.

Anil Ambani-run Reliance Group announced a significant partnership with Druk Holding and Investments Ltd. (DHI), the investment arm of the Royal Government of Bhutan, to enhance the renewable energy landscape in the country.

Reliance Power shares hit a 5 percent lower circuit amid market sell-off. The company on October 3 announced a Rs 4,200 crore Foreign Currency Convertible Bonds (FCCBs) issuance.

Anil Ambani-run Reliance Group said on Wednesday it would jointly develop solar and hydro power projects in Bhutan along with the government's investment arm.

Shares of Anil Ambani-backed Reliance Power were locked in five per cent lower circuit for second straight session on Monday. Reliance Power shares fell by their daily maximum limit of 5 per cent to hit an intraday low of Rs 48.

Anil Ambani-owned Reliance Power has hit the lower circuit again. The shares of Reliance Power fell by 5 per cent today. While writing the article, it is trading at Rs Rs 48.4, down by Rs 2.55. The stock touched a lower circuit on Friday also after the company's board approved a plan to raise $500 million (around Rs 4,