New Delhi: The shares of Reliance Power recorded a sharp rise on Friday. Amid strong buying, the company’s stock rose 14% to reach Rs 50.70. The RPower stock jumped after the company’s name recently appeared in a notice from the Securities and Exchange Board of India (SEBI), but the company issued a clarification on the particular matter.

Reliance Power shares recorded significant trading volume during Friday’s trading session. Nearly 60 million shares were traded, compared to the average volume of around 20 million shares over the past week and month. The huge volume of buying propelled........

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