Reliance Power Ltd Hits Intraday High with 7.56% Surge on 4 Feb 2026

Intraday Trading Dynamics and Price Movement

On the trading day, Reliance Power Ltd exhibited heightened volatility, with an intraday volatility of 7.26% calculated from the weighted average price. The stock's price action was characterised by a strong upward momentum, touching its peak at Rs 30.74 before settling slightly lower but maintaining a substantial gain. This performance was well above the sector average, outperforming the power sector by 5.77% on the day.

The stock has now recorded gains for two consecutive trading sessions, accumulating a 12.11% return over this period. Despite this short-term strength, the share price remains below its longer-term moving averages, trading above the 5-day moving average but still below the 20-day, 50-day, 100-day, and 200-day moving averages. This positioning suggests that while recent momentum is positive, the stock has yet to break through key resistance levels established over the medium and long term.

Market Context and Comparative Performance

The broader market environment on 4 February 2026 was characterised by a sharp recovery in the Sensex after a negative start. The index opened 487.07 points lower but rebounded strongly, gaining 546.61 points to close at 83,798.67, a marginal increase of 0.07%. The Sensex remains 2.82% below its 52-week high of 86,159.02. Notably, the Sensex is trading below its 50-day moving average, although the 50-day average itself is positioned above the 200-day moving average, indicating a mixed technical backdrop.

Reliance Power Ltd’s one-day performance of 7.91% considerably outpaced the Sensex’s 0.05% gain on the same day. Over the past week, the stock has risen 3.40%, again outperforming the Sensex’s 1.75% increase. However, over longer time frames, the stock has underperformed the benchmark index. For instance, over one month, Reliance Power Ltd declined by 15.39% compared to the Sensex’s 2.31% fall, and over three months, the stock dropped 25.32% while the Sensex gained 0.39%. Year-to-date, the stock is down 12.72%, whereas the Sensex has declined by 1.69%.

Mojo Score and Rating Update

Reliance Power Ltd currently holds a Mojo Score of 29.0, categorised under a Strong Sell grade. This represents a downgrade from its previous Sell rating, which was revised on 3 November 2025. The stock’s market capitalisation grade stands at 3, reflecting its relative size and liquidity within the power sector. These metrics provide a quantitative assessment of the stock’s current standing based on MarketsMOJO’s proprietary evaluation system.

Volatility and Moving Average Analysis

The stock’s intraday volatility of 7.26% is indicative of significant price fluctuations during the session, which may be attributed to active trading and market reactions to sectoral or company-specific developments. The fact that the stock is trading above its 5-day moving average suggests short-term buying interest, yet the resistance posed by the 20-day and longer moving averages remains a factor for price consolidation or correction.

Such technical indicators are closely monitored by market participants to gauge momentum and potential reversal points. The divergence between short-term gains and longer-term moving averages highlights the current transitional phase in the stock’s price trajectory.

Sector and Industry Positioning

Reliance Power Ltd operates within the power industry and sector, which has experienced mixed performance in recent months. While the broader market has shown resilience, the stock’s year-to-date decline of 12.72% contrasts with the Sensex’s smaller fall of 1.69%. Over longer periods, the stock’s performance has been uneven, with a three-year gain of 158.81% outperforming the Sensex’s 37.71%, but a ten-year decline of 32.65% compared to the Sensex’s substantial 244.24% rise.

This disparity underscores the stock’s volatility and the challenges faced in sustaining long-term growth relative to the benchmark index.

Trading Volume and Market Capitalisation Insights

Although specific volume data is not disclosed here, the high intraday volatility and price movement suggest active trading interest during the session. The market capitalisation grade of 3 indicates a mid-tier size within the power sector, which may influence liquidity and investor attention.

Such factors contribute to the stock’s price dynamics and are relevant for understanding its market behaviour in the context of sectoral trends and overall market conditions.

Summary of Today’s Market Environment

The Sensex’s recovery from a negative opening to close marginally higher reflects a cautious but positive market sentiment. Mega-cap stocks led the gains, supporting the index’s modest advance. Reliance Power Ltd’s strong intraday performance stands out against this backdrop, delivering a significant outperformance relative to both the sector and the benchmark index.

This performance highlights the stock’s capacity for sharp price movements within a volatile market environment, driven by short-term trading dynamics and technical factors.

Conclusion

Reliance Power Ltd’s intraday high of Rs 30.74 and a day gain of 7.56% on 4 February 2026 mark a notable episode of strong price action. The stock’s recent consecutive gains and outperformance relative to the sector and Sensex underscore its current momentum. However, the prevailing technical indicators and Mojo Score suggest a cautious outlook, with the stock yet to surpass key resistance levels and maintain sustained upward trends.

Investors and market watchers will continue to monitor the stock’s price behaviour in relation to broader market movements and sectoral developments.

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