Reliance Infrastructure Faces Increased Selling Pressure Amid Declining Investor Participation

Reliance Infrastructure Ltd, a mid-cap player in the power sector, experienced significant trading activity today as the stock hit its lower circuit limit. The last traded price stood at Rs 281.35, reflecting a notable decline of Rs 14.8 or 5% from the previous close. The stock opened with a gap down, maintaining this price throughout the trading session, which saw an intraday low also recorded at Rs 281.35.
In terms of trading volume, Reliance Infrastructure saw a total traded volume of approximately 3.69 lakh shares, resulting in a turnover of around Rs 10.37 crore. The stock has been on a downward trajectory, underperforming its sector by 5.06% and marking a consecutive decline over the last three days, with a cumulative drop of 14.25% during this period.

Additionally, the stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Investor participation has also waned, with delivery volume significantly lower than the average. Overall, Reliance Infrastructure's performance today underscores the challenges it faces in the current market environment.