Reliance Power Shows Strong Trading Activity Amidst Declining Investor Participation

Reliance Power Ltd, a prominent player in the power industry, has emerged as one of the most active equities today, with a total traded volume of 51,924,446 shares and a total traded value of approximately Rs 311.91 crore. The stock opened at Rs 59.00 and reached an intraday high of Rs 60.80, reflecting a 3.24% increase during the trading session. Currently, the last traded price stands at Rs 59.78, which is 4.37% away from its 52-week high of Rs 62.80.
In terms of performance, Reliance Power has outperformed its sector, achieving a 1.38% return for the day compared to a mere 0.13% return for the sector. The stock is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend in its price movement.

However, it is noteworthy that investor participation has seen a decline, with delivery volume dropping by 7.48% against the 5-day average. Despite this, the stock remains liquid enough for a trade size of Rs 36.92 crore, based on 2% of the 5-day average traded value. Overall, Reliance Power continues to demonstrate robust activity in the market, reflecting its significant position within the large-cap segment.