Reliance Power Ltd Hits Intraday High with 7.61% Surge on 28 Jan 2026

Intraday Price Movement and Trading Action

On the trading day, Reliance Power Ltd reached an intraday peak of Rs 29.55, representing a 7.61% gain from its previous close. This rise marked a reversal after two consecutive days of decline, signalling renewed buying interest. The stock’s performance notably outperformed the Power Generation and Distribution sector, which itself gained 2.81% during the session.

Compared to the Sensex, which advanced by 0.59% to close at 82,337.17 points, Reliance Power’s intraday gain was substantially stronger. The stock outperformed the benchmark index by 7.02 percentage points, underscoring its relative strength in today’s market environment.

Market Context and Sector Performance

The broader market opened flat but gained momentum throughout the day, with the Sensex climbing 444.81 points. Despite trading below its 50-day moving average, the Sensex remains within 4.64% of its 52-week high of 86,159.02. Mega-cap stocks led the market rally, contributing to the overall positive sentiment.

Within this context, the Power sector’s 2.81% gain provided a supportive backdrop for Reliance Power’s outperformance. However, it is notable that Reliance Power continues to trade below its key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating that the stock remains in a broader downtrend despite today’s bounce.

Performance Metrics and Trend Analysis

Reliance Power’s one-day performance of 7.72% significantly outstripped the Sensex’s 0.59% gain. However, the stock’s performance over longer time frames remains subdued. Over one week, the stock declined marginally by 0.20%, while the Sensex rose by 0.52%. The one-month and three-month performances show sharper declines of 19.16% and 32.28% respectively, compared to the Sensex’s more modest falls of 3.18% and 2.71% over the same periods.

Year-to-date, Reliance Power has declined by 15.10%, underperforming the Sensex’s 3.38% drop. Over the one-year horizon, the stock’s performance remains negative at -19.66%, contrasting with the Sensex’s positive 8.48% gain. Despite these recent setbacks, the stock’s longer-term returns remain strong, with a three-year gain of 134.02% and a five-year surge of 821.50%, far exceeding the Sensex’s respective returns of 38.78% and 75.66%.

Mojo Score and Rating Update

Reliance Power currently holds a Mojo Score of 34.0, categorised under a Sell grade. This represents an upgrade from its previous Strong Sell rating, which was revised on 03 Nov 2025. The Market Cap Grade stands at 3, reflecting the company’s mid-tier market capitalisation within the Power sector. These metrics provide a quantitative assessment of the stock’s current standing based on multiple financial and market parameters.

Summary of Trading Dynamics

Today’s strong intraday surge in Reliance Power Ltd was driven by a combination of sectoral strength and a rebound following two days of decline. The stock’s 7.61% rise to Rs 29.55 was well above the sector’s 2.81% gain and the Sensex’s 0.59% increase, highlighting its relative outperformance. Despite this, the stock remains below all key moving averages, indicating that the broader trend has yet to shift decisively.

The market’s positive tone, led by mega-cap stocks, provided a conducive environment for the stock’s rally. However, the stock’s longer-term performance metrics suggest that it continues to face headwinds relative to the benchmark index. The recent upgrade in Mojo Grade from Strong Sell to Sell reflects a modest improvement in the stock’s outlook based on quantitative measures.

Investors and market participants will note the stock’s ability to break a short-term downtrend with today’s gains, though the prevailing technical indicators suggest caution remains warranted. The Power sector’s overall positive momentum today was a key factor supporting the stock’s intraday strength.

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