Reliance Infrastructure Faces Increased Trading Activity Amid Market Challenges

Reliance Infrastructure Ltd, a mid-cap player in the power industry, experienced significant trading activity today as the stock hit its lower circuit limit. The last traded price was Rs 359.85, reflecting a notable decline of Rs 18.9 or 4.99% from the previous close. The stock reached an intraday low of Rs 368.5, indicating a drop of 2.71% during the trading session.
The total traded volume stood at approximately 13.39 lakh shares, contributing to a turnover of Rs 49.02 crore. Despite the downturn, the stock's performance metrics reveal that it remains above its 50-day, 100-day, and 200-day moving averages, although it is currently below its 5-day and 20-day moving averages.

Investor participation appears to be waning, with delivery volume decreasing by 18.47% compared to the 5-day average. The stock's liquidity remains adequate, allowing for trades of up to Rs 1.27 crore based on 2% of the 5-day average traded value. Overall, Reliance Infrastructure's performance today underscores a challenging market environment, with the stock underperforming its sector by 1.34%.