Reliance Infrastructure Hits Lower Circuit Limit, Closing at Rs 225.5 After 5% Decline

Reliance Infrastructure Ltd, a small-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 225.5, reflecting a decline of Rs 11.35 or 4.79% from the previous close. The stock opened with a gap down of 2.05% and reached an intraday low of Rs 225, marking a 5% decrease during the session.
Total traded volume stood at approximately 9.42 lakh shares, resulting in a turnover of Rs 21.69 crore. The stock has been on a downward trend, underperforming its sector by 4.15% and recording a consecutive fall over the last two days, with a total decline of 6.76% in that period. Notably, Reliance Infrastructure is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a challenging market position.

Investor participation appears to be waning, with delivery volume dropping by 21.02% compared to the 5-day average. Overall, the stock's performance today reflects ongoing challenges within the market environment.