Key Events This Week
16 Feb: Stock hits 52-week low at Rs.99.10 and lower circuit amid heavy selling
17 Feb: Further 52-week low at Rs.94.15 with another lower circuit hit
18 Feb: Sharp rebound with upper circuit hit at Rs.109.04
20 Feb: Week closes at Rs.103.50 after another lower circuit hit
16 February 2026: Fresh 52-Week Low and Lower Circuit Triggered
Reliance Infrastructure Ltd’s stock plunged to a new 52-week low of Rs.99.10 on 16 February, marking a 4.99% decline from the previous close. The day was characterised by intense selling pressure, culminating in the stock hitting its lower circuit limit and closing near Rs.98.99. This represented a maximum permissible daily loss of 5%, reflecting panic selling amid deteriorating fundamentals and weak technical signals.
Trading volumes surged to 8.33 lakh shares, with turnover around Rs.8.28 crore, and the weighted average price skewed towards the day’s lows, indicating sustained bearish sentiment. The stock traded below all key moving averages, signalling a persistent downtrend. Meanwhile, the Sensex closed higher by 0.70%, highlighting the stock’s underperformance relative to the broader market.
17 February 2026: Continued Downtrend with Another Lower Circuit Hit
The downward momentum intensified on 17 February as Reliance Infrastructure’s shares fell further to Rs.94.15, a fresh 52-week low and a 4.99% drop on the day. The stock again hit the lower circuit, closing at Rs.95.99 after touching an intraday low of Rs.93.97. This marked the fifth consecutive session of losses, with a cumulative decline of nearly 19.75% over this period.
Trading volumes increased to approximately 11.2 lakh shares, generating a turnover of Rs.10.64 crore. Delivery volumes declined by 38.23% compared to the five-day average, suggesting reduced long-term investor participation and increased panic selling. The stock’s technical indicators remained firmly bearish, trading below all major moving averages. In contrast, the Sensex gained 0.25%, underscoring company-specific challenges.
18 February 2026: Sharp Rebound and Upper Circuit Hit
In a dramatic reversal, Reliance Infrastructure surged to hit its upper circuit limit on 18 February, closing at Rs.109.04 with a 5.00% gain. The stock opened with a 2.94% gap-up and maintained strong upward momentum throughout the session, triggering a regulatory freeze due to the price band breach. Volumes rose significantly to 4.33 lakh shares, with turnover of Rs.4.69 crore, and delivery volumes on the previous day surged by 119.39%, indicating genuine buying interest.
This rally outperformed the power sector, which declined marginally by 0.03%, and the Sensex, which was nearly flat with a 0.03% gain. Despite the short-term strength, the stock remained below all key moving averages, suggesting the rally may be a technical bounce rather than a sustained recovery.
Handpicked from 50, scrutinized by experts – Our recent selection, this Mid Cap from Bank - Public, is already delivering results. Don't miss next month's pick!
- - Expert-scrutinized selection
- - Already delivering results
- - Monthly focused approach
19 February 2026: Minor Decline Amid Market Weakness
On 19 February, Reliance Infrastructure’s shares slipped slightly by 0.55% to Rs.108.65, retreating from the previous day’s gains. The stock traded with high volume of 2.71 lakh shares but remained below all key moving averages, indicating the broader downtrend was intact. The Sensex declined sharply by 1.45%, reflecting broader market weakness, while the power sector also faced pressure.
20 February 2026: Week Ends with Another Lower Circuit Hit
The week concluded on a bearish note as Reliance Infrastructure hit the lower circuit again on 20 February, closing at Rs.103.50 after a 4.74% intraday fall. The stock opened near Rs.108 but succumbed to heavy selling, touching an intraday low of Rs.102.80. Total traded volume was robust at 14.35 lakh shares, with turnover of Rs.15.34 crore, yet the weighted average price remained near the lows, signalling persistent selling pressure.
This decline contrasted with the power sector’s 1.42% gain and the Sensex’s 0.41% rise, highlighting company-specific challenges. Delivery volumes increased by 68.35% compared to the five-day average, indicating genuine investor exits rather than speculative trades. The stock’s technical indicators remained negative, trading below all major moving averages, and the Mojo Score stayed at a low 26.0 with a Strong Sell rating.
Holding Reliance Infrastructure Ltd from ? See if there's a smarter choice! SwitchER compares it with peers and suggests superior options across market caps and sectors!
- - Peer comparison ready
- - Superior options identified
- - Cross market-cap analysis
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-16 | Rs.99.10 | -4.99% | 36,787.89 | +0.70% |
| 2026-02-17 | Rs.104.05 | +4.99% | 36,904.38 | +0.32% |
| 2026-02-18 | Rs.109.25 | +5.00% | 37,062.35 | +0.43% |
| 2026-02-19 | Rs.108.65 | -0.55% | 36,523.88 | -1.45% |
| 2026-02-20 | Rs.103.50 | -4.74% | 36,674.32 | +0.41% |
Key Takeaways from the Week
The week’s trading activity for Reliance Infrastructure Ltd was marked by extreme volatility, with the stock hitting multiple 52-week lows and triggering both lower and upper circuit limits. The persistent downtrend was driven by weak quarterly financial results, including a 89.5% drop in profit before tax excluding other income and a net loss of Rs.-8.88 crore in the December 2025 quarter. These fundamentals have weighed heavily on investor sentiment.
Despite a sharp rebound on 18 February, the stock remained below all key moving averages throughout the week, signalling that the broader bearish trend is intact. Institutional investor participation declined, and delivery volumes fluctuated, reflecting a mix of panic selling and short-term speculative buying. The stock’s Mojo Score of 26.0 and Strong Sell rating underscore the cautious stance of analysts amid elevated leverage and modest return on capital employed.
Relative to the Sensex, which gained 0.39% over the week, Reliance Infrastructure underperformed by 1.16%, highlighting company-specific challenges rather than sector-wide weakness. The power sector showed mixed performance, with minor gains on some days but overall subdued sentiment.
Investors should note the significant liquidity in the stock, with daily volumes ranging from 84,000 to over 14 lakh shares, but also the unfilled supply and demand imbalances that have led to circuit breaker hits. The week’s price action reflects a stock in distress, with technical and fundamental headwinds continuing to dominate.
Limited Period Only. Start at Rs. 9,999 - Get MojoOne for 1 Year + 3 Months FREE (60% Off) Get 71% Off →
Conclusion
Reliance Infrastructure Ltd’s week was characterised by sharp price swings, circuit breaker hits, and sustained selling pressure, culminating in a modest weekly loss of 0.77%. The stock’s failure to hold key support levels and its persistent trading below all major moving averages reflect ongoing fundamental and technical challenges. Despite a brief rally midweek, the overall sentiment remains bearish, supported by a Strong Sell rating and a low Mojo Score.
While the broader market and power sector showed resilience, Reliance Infrastructure’s underperformance highlights company-specific issues, including weak profitability, high leverage, and declining institutional interest. Investors should remain cautious and monitor any developments closely, as the stock’s current valuation discounts significant risks and uncertainties.
