Reliance Infrastructure Stock Hits Lower Circuit Limit at Rs 179.67 Amid 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 stood at Rs 180.5, reflecting a decline of Rs 8.63 or 4.56% from the previous close. The stock reached an intraday high of Rs 193 but fell to a low of Rs 179.67, marking a notable drop of 5% during the session.
Total traded volume amounted to approximately 9.69 lakh shares, resulting in a turnover of Rs 17.84 crore. The performance today underperformed the sector by 4.23%, indicating a challenging day for the stock. Notably, the stock has reversed its trend after five consecutive days of gains, suggesting a shift in market sentiment.

The weighted average price indicates that more volume was traded closer to the low price, and delivery volume has significantly decreased, falling by 76.22% compared to the five-day average. Despite being above the five-day moving average, the stock remains below its longer-term moving averages, reflecting ongoing volatility. Overall, Reliance Infrastructure's performance today highlights the challenges faced in the current market environment.