Anil Ambani's Reliance Power shares give 110% return in a year

Shares of Anil Ambani's Reliance Power have surged more than 110% over the past year. The stock ended roughly 5% higher on Tuesday at ₹40.06 after the company's board approved raising ₹1,525 crore through a preferential issue. Last week, the company also announced it has zero debt from banks and financial institutions after a settlement worth ₹3,872 crore.