Intraday Price Movement and Trading Activity
On the trading day, Reliance Infrastructure’s stock price touched an intraday high of ₹149.65, representing a 5% rise from its previous close. The last traded price (LTP) settled at ₹149.04, maintaining a significant premium over the day’s low of ₹143.20. This price action pushed the stock to its upper circuit limit, triggering a regulatory freeze on further upward movement for the day.
The total traded volume for the session stood at approximately 8.97 lakh shares, translating into a turnover of ₹13.32 crore. Despite the strong price rally, delivery volumes showed a slight decline of 3.65% compared to the five-day average, with 2.59 lakh shares delivered on 15 Dec 2025. This suggests that while speculative buying was vigorous, actual investor participation in terms of shareholding transfer was somewhat subdued.
Market Context and Sector Comparison
Reliance Infrastructure outperformed its sector peers by 5.19% on the day, with the power sector index registering a marginal decline of 0.31%. The broader Sensex index also reflected a negative trend, closing down by 0.37%. This divergence highlights the stock’s relative strength amid a generally cautious market environment.
Over the past three consecutive trading sessions, Reliance Infrastructure has delivered cumulative returns of 15.74%, signalling sustained investor interest and momentum. This performance contrasts with the broader market’s subdued tone, underscoring the stock’s appeal within the power sector.
Technical Indicators and Moving Averages
From a technical perspective, the stock’s current price is positioned above its five-day moving average, indicating short-term bullishness. However, it remains below the 20-day, 50-day, 100-day, and 200-day moving averages, suggesting that longer-term trends have yet to align with the recent upward momentum. This mixed technical picture may imply that the rally is driven primarily by short-term factors rather than a sustained fundamental shift.
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Liquidity and Trading Size Considerations
Liquidity metrics indicate that Reliance Infrastructure is sufficiently liquid for trades up to ₹0.75 crore, based on 2% of the five-day average traded value. This level of liquidity supports active trading and allows institutional and retail investors to transact sizeable volumes without significant price impact.
However, the falling delivery volume amid rising prices may point to a predominance of intraday or speculative trades rather than long-term accumulation. Investors should consider this dynamic when assessing the sustainability of the current price surge.
Market Capitalisation and Industry Positioning
Reliance Infrastructure is classified as a small-cap company with a market capitalisation of approximately ₹5,839 crore. Operating within the power industry, the company’s recent price action may reflect sector-specific developments or company-specific news that have attracted investor attention.
Given the stock’s recent outperformance relative to the power sector and broader market indices, it is important to monitor whether this momentum can be sustained beyond short-term trading sessions.
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Regulatory Freeze and Unfilled Demand
The upper circuit hit on Reliance Infrastructure’s stock price has resulted in a regulatory freeze, preventing further upward price movement for the remainder of the trading session. This mechanism is designed to curb excessive volatility and protect market integrity.
Despite this freeze, the stock exhibited strong buying pressure throughout the day, indicating unfilled demand from investors eager to accumulate shares at prevailing prices. Such demand often signals positive sentiment but can also lead to sharp corrections if not supported by fundamental developments.
Investor Takeaways and Outlook
Reliance Infrastructure’s recent price behaviour highlights a phase of heightened market interest and momentum within the power sector. The stock’s ability to outperform both its sector and the broader market indices over multiple sessions suggests that investors are closely watching developments related to the company.
However, the divergence between short-term price gains and longer-term moving averages, coupled with declining delivery volumes, warrants a cautious approach. Investors should consider monitoring upcoming corporate announcements, sector trends, and broader market conditions to better understand the sustainability of the current rally.
In summary, Reliance Infrastructure’s upper circuit event reflects a confluence of strong buying interest and regulatory safeguards, underscoring the dynamic nature of trading in small-cap power stocks.
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