Reliance Power Sees High Trading Volume Amid Declining Investor Participation

Reliance Power Ltd, a mid-cap player in the power industry, has emerged as one of the most active equities today, with a total traded volume of 42,543,687 shares and a total traded value of approximately Rs 190.89 crores. The stock opened at Rs 45.00 and reached a day high of Rs 45.70, while the day low was recorded at Rs 43.85. As of the latest update, the last traded price stands at Rs 44.80.
In terms of performance, Reliance Power has outperformed its sector, achieving a 1.41% return for the day compared to the sector's 0.45% and the Sensex's 0.58%. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in its price movement.

However, it is noteworthy that investor participation has seen a decline, with delivery volume dropping by 32.28% against the 5-day average. Despite this, the stock remains liquid enough for trades of up to Rs 1.38 crores, based on 2% of the 5-day average traded value. Overall, Reliance Power's performance today reflects a strong position in the market, despite the noted decrease in investor participation.