Reliance Power Sees Increased Trading Activity Amid Ongoing Price Decline

Reliance Power Ltd, a small-cap player in the power industry, has emerged as one of the most active equities today, with a total traded volume of 21,465,056 shares and a total traded value of approximately Rs 97.58 crore. The stock opened at Rs 45.80, reflecting a loss of 2.15% from the previous close of Rs 47.46. Throughout the trading session, Reliance Power reached a day high of Rs 46.50 and a day low of Rs 43.06, marking a decline of 4.57% at its lowest point.
The stock has underperformed its sector by 4.09% and has experienced consecutive declines over the past two days, resulting in an overall drop of 8.58% during this period. Reliance Power is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a challenging trend. However, there has been a notable increase in investor participation, with a delivery volume of 4.696 lakh shares on August 7, which is up by 5.96% compared to the 5-day average.

With a market capitalization of Rs 18,719 crore, Reliance Power continues to exhibit significant trading activity, despite the recent downward pressure on its stock price.