Reliance Power Ltd Sees 35.4 Million Shares Traded Amid 10.35% 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 35,424,599 shares and a total traded value of approximately Rs 159.69 crores. The stock opened at Rs 43.55, reflecting a significant gap down of 10.35% from the previous close of Rs 48.58. Throughout the day, it reached a low of Rs 43.55 and a high of Rs 46.33, with the last traded price recorded at Rs 45.92.
Despite the notable trading activity, Reliance Power underperformed its sector, showing a 1D return of -4.96%, compared to a sector return of -0.43% and a Sensex return of -0.30%. The stock's performance today indicates that it is trading above its 5-day moving averages but below its 20-day, 50-day, 100-day, and 200-day moving averages.

Investor participation has seen a rise, with delivery volume on October 10 reaching 3.13 crore, marking an increase of 276.07% against the 5-day average delivery volume. The stock's liquidity remains adequate for trades sized at Rs 3.78 crores, based on 2% of the 5-day average traded value. Overall, Reliance Power's trading activity today reflects a complex market position amid fluctuating performance indicators.