Reliance Power Stock Review: Should You Hold it?

Reliance Power Stock Review: Should You Hold it?

Many people ask me that Should they hold Reliance Power or not? This is because since the launch of its IPO, the share price of Reliance Power stock is down.

Well, in my opinion, you should stay invested in the stock for next 3 years and if you have never bought this Stock than this is the golden time to buy this stock because in the very near future, its shareholders will get benefit.

In fact, R-Power has raised money from several banks.

According to MoneyControl,

"Reliance Power will easily give you that Rs 40 anytime during the year on the basis of such news flows rather than cash flow basis. On an operating basis the company already has three power projects from Reliance Infrastructure. We are seeing significant attempts at bringing down debts therefore lower interest cost will also drive bottom-line on a relative basis. I think if you were to expand your horizon to 3 year period then you will have to look at the multi bagger gains because a power player of this size is difficult to have but within the year you will easily get 25%, so stay with the stock."

In fact, Reliance Power has recently also signed a deal of US $ 750 Million with General Electrics.

Thus, in my opinion go for this stock. There is no problem. It’s a great company. The only thing is that you should not have invested in this stock during the time of its IPO.