Reliance Infrastructure Stock Hits Upper Circuit Limit with Intraday High of Rs 241.84

Reliance Infrastructure Ltd, a small-cap player in the power industry, has made headlines today as its stock hit the upper circuit limit, closing at an intraday high of Rs 241.84. This marks a significant change of Rs 11.51, reflecting a 5% increase from the previous trading session. The stock has notably outperformed its sector, which recorded a 1D return of just 0.92%, while the broader Sensex managed a mere 0.36% gain.
Today's trading activity saw a total volume of approximately 8.62 lakh shares, resulting in a turnover of around Rs 20.64 crore. The stock's performance indicates a trend reversal, gaining after four consecutive days of decline. Despite this positive movement, it is worth noting that the stock's delivery volume has decreased by 41.4% compared to the five-day average, suggesting a decline in investor participation.

In terms of moving averages, Reliance Infrastructure's stock is currently above its five-day moving average but remains below the 20-day, 50-day, 100-day, and 200-day averages. Overall, the stock's performance today highlights a notable recovery, positioning it favorably within the market landscape.