The Power sector is very hot at the moment with Adani Power setting new highs every day…There has been a bit of press about Reliance Power and the fact that it should reduce debt by about 3 lakh crore this year (out of total liabilities of 22 lakh crore) as mentioned by Business India…I see its book value per share has been quoted as high as 50 rs a share but do people think it can maintain reducing its debt ?
Clearly some people do because the share is in upper circuit(albeit 5% one ) every day .
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