Reliance Power Shows Strong Trading Activity 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 66,255,066 shares and a total traded value of approximately Rs 295.63 crores. The stock opened at Rs 44.4 and reached a day high of Rs 45.37, while the day low was Rs 43.86. As of the latest update, the last traded price stands at Rs 44.99.
In terms of performance, Reliance Power has outperformed its sector by 1.36%, marking a notable achievement. The stock has shown consistent gains over the past two days, accumulating a return of 4.04% during this period. Additionally, it is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.

However, there has been a decline in investor participation, with delivery volume on May 16 falling by 7.65% compared to the 5-day average. Despite this, the stock remains liquid enough for a trade size of Rs 3.98 crores, based on 2% of the 5-day average traded value. Overall, Reliance Power's performance today reflects a robust position within the market, characterized by significant trading activity and positive returns.