Reliance Power Shows Strong Trading Activity Amid Declining Investor Participation

Reliance Power Ltd, a prominent player in the power industry, has emerged as one of the most active equities by volume today. The stock, trading under the symbol RPOWER, saw a total traded volume of 149,479,562 shares, with a total traded value of approximately Rs 77.81 crore. The stock opened at Rs 51.25 and reached a day high of Rs 53.10, closing at Rs 52.22, which is 2.74% away from its 52-week high of Rs 55.10.
In terms of performance, Reliance Power has outperformed its sector by 3.71% today, marking a consecutive gain over the last two days with a total return of 6.35% during this period. 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.

However, it is worth noting that investor participation has seen a decline, with a delivery volume of 4.06 crore shares on May 29, down by 22.55% compared to the 5-day average. Despite this, the stock remains liquid enough for a trade size of Rs 24.35 crore, reflecting its market position. Overall, Reliance Power's performance today highlights its active trading status and resilience in the current market environment.