Trading Activity and Price Movement
On the trading day, Reliance Power opened at ₹35.36, reaching a high of ₹35.52 before dipping to a low of ₹34.71. The last traded price (LTP) stood at ₹34.97, marking a modest gain of 0.63% from the previous close of ₹34.85. This price movement, however, underperformed the broader Power sector, which advanced by 1.55%, and marginally outpaced the Sensex’s 0.15% gain.
The stock has been on a slight upward trajectory, recording a consecutive gain over the last day with a return of approximately 0.34%. Yet, it continues to trade below all key moving averages—5-day, 20-day, 50-day, 100-day, and 200-day—indicating persistent downward pressure and a lack of sustained bullish momentum.
Volume Surge and Liquidity Analysis
Reliance Power’s total traded volume of 64.18 lakh shares is significant, especially when compared to its average delivery volume. Notably, the delivery volume on 31 Dec 2025 was 1.65 crore shares, which has declined by 41.88% against the five-day average delivery volume, signalling a reduction in investor participation in terms of holding shares overnight.
Despite this, the stock remains sufficiently liquid for sizeable trades, with a liquidity threshold based on 2% of the five-day average traded value supporting trade sizes up to ₹5.11 crores. This liquidity profile makes Reliance Power attractive for traders seeking to execute large orders without significant market impact.
Fundamental and Market Positioning
Reliance Power operates within the Power industry and is classified as a small-cap stock with a market capitalisation of approximately ₹14,462.79 crores. The company’s Mojo Score currently stands at 34.0, reflecting a Sell rating, which is an improvement from its previous Strong Sell grade assigned on 3 Nov 2025. This upgrade suggests a slight easing of negative sentiment but still indicates caution for investors.
The market cap grade of 3 further underscores the company’s small-cap status, which often entails higher volatility and risk compared to larger, more established peers. Investors should weigh these factors carefully when considering exposure to Reliance Power.
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Accumulation and Distribution Signals
Technical analysis of Reliance Power reveals a mixed picture. The stock’s trading volume spike suggests increased market interest, but the declining delivery volume points to a lack of strong accumulation by long-term investors. This divergence often signals distribution, where short-term traders may be active while institutional investors reduce holdings.
Moreover, the stock’s position below all major moving averages indicates that the prevailing trend remains bearish. Without a decisive break above these resistance levels, the risk of further downside persists. Investors should monitor volume patterns closely for signs of sustained accumulation or distribution to gauge future price direction.
Sector and Market Context
The Power sector has generally exhibited resilience, with a 1.55% gain on the day, outperforming Reliance Power’s modest 0.34% return. This relative underperformance may reflect company-specific challenges or broader concerns about the stock’s fundamentals and outlook.
Given the sector’s positive momentum, Reliance Power’s lagging performance and Sell rating suggest that investors might find better opportunities elsewhere within the industry or in other sectors.
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Investor Takeaway
Reliance Power’s high volume trading activity on 1 Jan 2026 highlights significant market interest, yet the underlying technical and fundamental indicators remain cautious. The stock’s modest price gains, combined with its Sell rating and position below key moving averages, suggest that investors should approach with prudence.
Those considering exposure to Reliance Power should closely monitor volume trends and delivery data for signs of genuine accumulation. Meanwhile, the stock’s liquidity profile supports active trading strategies, but longer-term investors may prefer to explore alternatives within the Power sector or other small-cap opportunities with stronger momentum and ratings.
In summary, Reliance Power presents a complex case of heightened trading activity amid mixed signals, underscoring the importance of comprehensive analysis before committing capital.
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