Reliance Infrastructure Faces Increased Trading Activity Amid Ongoing Market Challenges

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 stock closed at Rs 284.5, reflecting a decline of Rs 10.55 or 3.58% from the previous trading session. Notably, it reached an intraday low of Rs 280.3, marking a 5% drop during the day.
The stock opened with a gap down, starting the day at a loss of 2.39%. Total traded volume reached approximately 13.36 lakh shares, resulting in a turnover of Rs 38.06 crore. The performance today saw Reliance Infrastructure underperforming its sector by 2.71%, with a 1D return of -3.41%, compared to the sector and Sensex, both of which recorded a 1D return of -0.57%.

Reliance Infrastructure is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite a notable increase in delivery volume, which surged by 823.5% against the 5-day average, the stock's liquidity remains adequate for trades up to Rs 2.05 crore. Overall, the stock's performance today reflects ongoing challenges in the market.