Reliance Power Sees Surge in Trading Activity Amid Strong Market Performance

Reliance Power Ltd, a prominent player in the power industry, has emerged as one of the most active equities today, with a total traded volume of 110,224,727 shares and a traded value of approximately Rs 58,584.44 lakhs. The stock opened at Rs 52.9 and reached a day high of Rs 55.1, marking a new 52-week high, while the day low was recorded at Rs 51.03. As of the latest update, the last traded price stands at Rs 51.08.
In terms of performance, Reliance Power has outperformed its sector by 2.58%, showcasing resilience in a competitive market. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Notably, the delivery volume surged to 10.77 crore on May 23, reflecting a significant increase of 494.61% compared to the 5-day average delivery volume, suggesting rising investor participation.

With a market capitalization of Rs 20,988.67 crore, Reliance Power continues to demonstrate liquidity, with trading capacity sufficient for a trade size of Rs 10.67 crore based on 2% of the 5-day average traded value. Overall, the stock's performance today highlights its active engagement in the market and solid standing within the power sector.