Key Events This Week
23 Feb: Shares hit lower circuit amid heavy selling pressure
26 Feb: Stock plunges to 52-week low of Rs.92.95 and hits lower circuit again
27 Feb: Further decline to 52-week low of Rs.91.35
Weekly Close: Stock ends at Rs.90.45, down 12.61% for the week
23 February 2026: Lower Circuit Triggered Amid Heavy Selling
Reliance Infrastructure’s stock opened at Rs.104.00 but succumbed to intense selling pressure, closing near the lower circuit price at Rs.98.65, down 4.69% on the day. The stock breached the maximum permissible daily price band of 5%, triggering a trading halt. This marked the third consecutive day of losses, wiping out over 9% of its value in that period.
Trading volume was robust at 6.08 lakh shares with a turnover of ₹6.09 crore, but delivery volumes declined sharply, indicating reduced genuine investor participation. The stock traded below all key moving averages, signalling sustained bearish momentum. Notably, the broader power sector gained 0.42% and the Sensex rose 0.39%, highlighting company-specific weakness driving the sell-off.
24 February 2026: Continued Downtrend Amid Market Volatility
The downward trend persisted with the stock closing at Rs.94.90, down 3.80%. The Sensex declined by 0.78%, reflecting broader market volatility. Lower volumes of 86,550 shares traded suggested waning investor interest. Reliance Infrastructure remained below all major moving averages, reinforcing the negative technical outlook.
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25 February 2026: Brief Recovery Amid Mixed Market Signals
The stock rebounded modestly to close at Rs.97.80, gaining 3.06% on the day. This recovery contrasted with the Sensex’s 0.41% gain, suggesting some short-term relief. However, volumes remained subdued at 99,189 shares. Despite the bounce, the stock continued to trade below all key moving averages, indicating that the overall downtrend remained intact.
26 February 2026: Lower Circuit Hit Again as Stock Hits 52-Week Low
Reliance Infrastructure plunged to a fresh 52-week low of Rs.92.95, closing at Rs.92.81 after hitting the lower circuit limit of 5%. The stock underperformed the power sector, which declined marginally by 0.05%, while the Sensex gained 0.24%. The day opened with a gap down of 3.72%, reflecting immediate bearish sentiment.
Trading volume surged to approximately 7.6 lakh shares with a turnover of ₹7.09 crore, but delivery volumes fell sharply, indicating retreat by long-term investors. The stock remained below all major moving averages, reinforcing the strong sell technical signal. The company’s Mojo Score stands at 26.0 with a Strong Sell grade, reflecting deteriorating fundamentals and market sentiment.
27 February 2026: Further Decline to New 52-Week Low
The stock continued its downward trajectory, closing at Rs.90.45, a 3.62% decline on the day and a new 52-week low. The Sensex fell 1.16%, closing at 36,322.56. Reliance Infrastructure’s decline was in line with the power sector’s weakness but remained more pronounced. The stock’s technical position remains weak, trading below all key moving averages.
Fundamentally, the company reported a 19.3% decline in net sales to Rs.4,296.52 crore for the quarter ending December 2025, with profit before tax less other income down 89.5% to Rs.221.02 crore. The company posted a net loss of Rs.8.88 crore, a 100.9% decline compared to the prior four-quarter average. Institutional investors have reduced their holdings by 1.57% to 6.79%, signalling waning confidence.
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| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-23 | Rs.98.65 | -4.69% | 36,817.86 | +0.39% |
| 2026-02-24 | Rs.94.90 | -3.80% | 36,530.09 | -0.78% |
| 2026-02-25 | Rs.97.80 | +3.06% | 36,679.75 | +0.41% |
| 2026-02-26 | Rs.93.85 | -4.04% | 36,748.49 | +0.19% |
| 2026-02-27 | Rs.90.45 | -3.62% | 36,322.56 | -1.16% |
Key Takeaways
Significant Underperformance: Reliance Infrastructure’s stock fell 12.61% over the week, sharply underperforming the Sensex’s 0.96% decline. The stock hit multiple 52-week lows, reflecting sustained selling pressure.
Technical Weakness: The stock traded below all major moving averages throughout the week, triggering lower circuit limits twice, signalling strong bearish momentum and lack of near-term support.
Deteriorating Fundamentals: Quarterly results showed a 19.3% decline in net sales and a net loss of Rs.8.88 crore, with profit before tax down 89.5%. High leverage with a Debt to EBITDA ratio of 7.32 times adds to financial strain.
Reduced Institutional Confidence: Institutional holdings declined by 1.57% to 6.79%, indicating waning investor confidence amid the company’s challenges.
Conclusion
Reliance Infrastructure Ltd’s sharp decline over the week to Rs.90.45 underscores the significant challenges facing the company. Despite some brief recovery attempts, the stock remained under intense selling pressure, hitting lower circuit limits and new 52-week lows. Weak financial results, high leverage, and declining institutional interest have compounded the negative sentiment. While the broader market and power sector showed relative resilience, Reliance Infrastructure’s underperformance highlights company-specific difficulties. The strong sell rating and technical indicators suggest continued caution for investors as the stock navigates a difficult phase.
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