Reliance Power Ltd Sees 8.9 Million Shares Traded, Among Most Active Equities Today

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 8,919,466 shares and a total traded value of approximately Rs 40.72 crore. The stock opened at Rs 44.55 and reached an intraday high of Rs 46.58, reflecting a gain of 4.96% during the trading session. As of the latest update, the last traded price stands at Rs 45.89.
In terms of performance, Reliance Power has outperformed its sector by 4.3% and has shown a consecutive gain over the last two days, accumulating a total return of 4.8% in this period. However, it is noteworthy that the stock's delivery volume has seen a significant decline, dropping by 66.96% compared to the five-day average, with a delivery volume of 30.5 lakh shares recorded on October 21.

The stock's liquidity remains adequate, with trading activity reflecting 2% of the five-day average traded value, allowing for a trade size of Rs 1.62 crore. While the stock is currently above its 5-day, 20-day, and 50-day moving averages, it remains below the 100-day and 200-day moving averages. Overall, Reliance Power's performance today highlights its active trading status and recent upward momentum in a fluctuating market environment.