New Delhi, Oct. 29 -- Reliance Power Limited shares ended Thursday, October 29, with a spectacular gain of 9.22%. Despite the sharp rally, Anil Ambani's power stock remained 59% below its year-ago level. With the stock staging a strong rebound, investors are left wondering: Is the worst behind Reliance Power?

Shares of Reliance Power ended 9.22% higher on Thursday, and delivered an overall 11.21% over the last one week. The power stock has surged nearly 1.23% over the last two weeks.

Anil Ambani's group stock witnessed steep recovery over the past few sessions, but the current upmove appears to be a "potential dead-cat bounce rather than a confirmed trend reversal," according to Jigar S Patel, Senior Manager - Technical Research, Anand ...