!Reliancepower Share Price: Why Anil Ambani-owned Reliance Power is hitting back-to-back lower circuit?
GMRP&UI wer Share Price : Anil Ambani-owned Reliance Power shares are hitting back-to-back lower circuit. On Wednesday (August 6), Reliance Power shares were locked at the lower circuit of 5 per cent for 4th straight session -- quoting at Rs 42.94.
Reliance Power shares are falling for the last 6 consecutive trading sessions, having lost around 27 per cent. Reliance Power shares are trading lower than all the key moving averages.
The selloff in Reliance Power is fueled by increased regulatory scrutiny of Anil Ambani-led companies.
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