Reliance Power, owned by Anil Ambani, has seen its share price increase by over 40% this month, climbing from ₹20.36 to ₹28.58 on the National Stock Exchange (NSE). This surge is primarily driven by the company's recent achievement of a debt-free status, which has alleviated previous concerns regarding its high leverage. Analysts highlight that the company's return to profitability in FY25 and strong performance of key assets like the Sasan and Rosa power plants have further bolstered investor confidence. Additionally, Reliance Power's strategic shift towards renewable energy, including solar and battery storage projects, is creating a positive growth narrative. Market experts predict that the stock could reach ₹36 to ₹40 in the short term, with a potential target of ₹45 if it breaks through previous resistance levels. The rally is seen as forward-looking, with investors betting on improved earnings visibility ahead of the company's Q4 results for FY26. Anil Ambani holds a 0.01% stake in Reliance Power, along with family members also as minor shareholders.