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Shares of Reliance Power have witnessed a sharp rally in the last six trading sessions, surging 22.2% to Monday’s high of Rs 55.10 on the BSE. The stock faced some profit booking at those higher levels and tumbled to trade 1.4% lower at Rs 51.19 around 11:30 am.Reliance Power witnessed strong volumes with a total traded quantity of 234.29 lakh shares, with a turnover of Rs 123.66 crore. The company’s total market capitalisation stood at Rs 20,562.87 crore.Earlier this month, the company reported its Q4 FY25 results, which were well-received by investors. It posted a consolidated net profit of Rs 126 crore for the January–March quarter, compared to a net loss of Rs 397.56 crore in the same period last year. This was driven by a sharp decline in expenses.On the fundamental side, Reliance Power is one of India’s largest power generation portfolios under development in private sector in India.Further, the sentiment was boosted by technical factors. The stock on Friday alone surged by 18%, triggered by a ‘buy’ signal on the Supertrend indicator on the weekly charts, which is a positive sign for the bulls.Supertrend is a trend-following technical indicator that gauges the price direction of a stock, index, or other asset and issues corresponding buy or sell signals.Also read: Can NSE Clearing achieve financial independence before the NSE IPO?Should you book profits in Reliance Power?Aamar Deo Singh, Senior Vice President-Equity and Commodity & Currency at Angel One, noted how the stock of Reliance Power has rallied sharply in the last week.“Investors would be well-advised to book part profit in the counter, as the moves have been very sharp,” Singh stated.He advised to trail the balance below the technical level of Rs 45 for the stock.Reliance Power share price historyOver the past one year, the stock of Reliance Power has delivered a strong return of 91.70%. On a year-to-date (YTD) basis, it has gained 14.30%. In the last six months, the stock rose by 40.07%, which is the same as the three-month performance, also at 40.07%.Over the past month, the stock registered a gain of 23.48%, indicating sustained bullish momentum across timeframes.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

The initial public offering (IPO) of storage solutions provider Aegis Vopak Terminals opened for public subscription today, May 26, and will close on May 28.As of 11:12 am, the issue had received bids for 11,03,697 shares, just 2% of the total offer size of 6,90,58,296 shares. The retail portion was subscribed 8%, while the non-institutional investor (NII) category saw 1% subscription. No bids were received from qualified institutional buyers (QIBs) so far.Ahead of the IPO opening, Aegis Vopak Terminals raised Rs 1,260 crore from 32 anchor investors by allotting over 5.36 crore equity shares.GMP of Aegis Vopak Terminals IPOAccording to market observers, the IPO is commanding a grey market premium (GMP) of Rs 9–10, indicating a modest 4% premium over the issue price.Should you subscribe to Aegis Vopak Terminals IPO?“While the company’s strategic importance in India’s LPG and liquid bulk infrastructure space justifies a premium to some extent, the pricing seems to factor in strong future growth expectations. Investors should view this IPO as a play on long-term infrastructure and energy logistics growth, but must weigh the premium valuation against the company’s limited historical profitability and execution risks in upcoming capex projects.,” said Bajaj Broking.IPO structureThe IPO comprises a complete fresh issue of 11.91 crore shares, aggregating up to Rs 2,800 crore. There is no offer-for-sale component.Minimum investment and lot sizeRetail investors can apply for a minimum of one lot, which includes 63 shares. At the upper price band, this translates to an investment of Rs 14,805. For small HNIs, the minimum application is 14 lots or Rs 2.07 lakh.Use of fundsThe proceeds will be used to repay or prepay certain borrowings, fund the acquisition of a cryogenic LPG terminal at Mangalore, and for general corporate purposes.IPO dates and price bandThe IPO will open on May 26 and close on May 28. The price band is set at Rs 223 to Rs 235 per share. The shares are expected to list on the BSE and NSE on June 2.Financial performanceIn FY24, the company posted a revenue of Rs 570.12 crore and a net profit of Rs 86.54 crore. For nine months ended Dec 2024, PAT stood at Rs 85.89 crore.Book running lead managersICICI Securities, BNP Paribas, IIFL Securities, Jefferies India, and HDFC Bank are managing the issue, while Link Intime is the registrar.