Reliance Infrastructure Faces Bearish Trend Amid Broader Market Fluctuations

May 06 2025 11:45 AM IST
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Reliance Infrastructure saw a notable decline in its stock price on May 6, 2025, underperforming the sector. The company is trading below multiple moving averages, indicating a bearish trend. Despite a year-over-year gain, it has experienced a year-to-date decline, contrasting with the broader market's performance.
Reliance Infrastructure, a midcap player in the power generation and distribution sector, experienced a significant decline of 5.5% on May 6, 2025. The stock's performance today underperformed the sector by 3.6%, with an intraday low of Rs 244.1, reflecting a drop of 5.13%.

In terms of moving averages, Reliance Infrastructure is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in the short to medium term.

The broader market context shows the Sensex, after a positive opening, fell by 385.68 points, currently trading at 80,521.56, down 0.34%. Despite this dip, the Sensex has seen a 7.14% gain over the past three weeks, although it is trading above its 50-day moving average, which is below its 200-day moving average.

Over various time frames, Reliance Infrastructure's performance has been mixed. While it has gained 45.90% over the past year, it has faced a year-to-date decline of 20.02%. In contrast, the Sensex has shown a year-to-date increase of 3.06%.
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