Volume and Price Action Overview
On 30 Jan 2026, Reliance Power recorded a total traded volume of 22,052,556 shares, translating to a traded value of approximately ₹61.7 crores. The stock opened at ₹27.77, matching the previous close, and touched an intraday high of ₹28.70 before settling at ₹28.48 as of 10:39 AM IST. This represents a 1.94% increase from the prior session’s close, outperforming the Power sector’s decline of 0.41% and the Sensex’s fall of 0.48% on the same day.
Technical Indicators and Moving Averages
Despite the positive price movement, Reliance Power is trading below its key moving averages — including the 5-day, 20-day, 50-day, 100-day, and 200-day averages — indicating that the stock remains in a longer-term downtrend. This technical backdrop suggests that while short-term momentum is visible, the broader trend remains bearish, warranting cautious optimism among investors.
Investor Participation and Liquidity
Investor participation has notably increased, with delivery volume on 29 Jan rising by 3.24% compared to the five-day average delivery volume. The stock’s liquidity is sufficient to support trade sizes of up to ₹3.31 crores based on 2% of the five-day average traded value, making it accessible for institutional and retail investors alike. This rising delivery volume is a positive sign of genuine accumulation rather than speculative trading.
Mojo Score and Rating Update
Reliance Power’s mojo score currently stands at 34.0, categorised as a ‘Sell’ grade, an improvement from its previous ‘Strong Sell’ rating assigned on 3 Nov 2025. This upgrade reflects a slight easing in negative sentiment but still signals caution. The company’s market capitalisation is approximately ₹11,473 crores, placing it in the small-cap segment, which typically entails higher volatility and risk.
This week's revealed pick, a Large Cap from Public Banks with TARGET PRICE, is already showing movement! Get the complete analysis before it's too late.
- - Target price included
- - Early movement detected
- - Complete analysis ready
Accumulation and Distribution Signals
The surge in volume accompanied by a price increase suggests accumulation by investors, although the stock’s position below all major moving averages tempers enthusiasm. The delivery volume increase indicates that a significant portion of traded shares are being held rather than flipped, which is a positive sign for medium-term investors. However, the relatively low mojo score and sell rating imply that the stock has yet to demonstrate a convincing turnaround in fundamentals or technical strength.
Sector Context and Comparative Performance
Within the Power sector, Reliance Power’s outperformance by 2.67% relative to peers on the day is noteworthy. The sector has been under pressure recently due to regulatory uncertainties and fluctuating fuel costs, which have weighed on earnings visibility. Reliance Power’s ability to buck the sector trend, even modestly, may reflect company-specific developments or speculative interest driven by its liquidity and volume profile.
Market Capitalisation and Risk Profile
As a small-cap entity with a market capitalisation of ₹11,473 crores, Reliance Power carries inherent risks associated with limited scale and higher volatility. Investors should weigh these factors carefully against the stock’s liquidity and volume dynamics. The current mojo grade of ‘Sell’ suggests that the company’s financial and operational metrics have not yet improved sufficiently to warrant a more positive outlook.
Considering Reliance Power Ltd? Wait! SwitchER has found potentially better options in Power and beyond. Compare this small-cap with top-rated alternatives now!
- - Better options discovered
- - Power + beyond scope
- - Top-rated alternatives ready
Outlook and Investor Considerations
Investors monitoring Reliance Power should consider the stock’s current technical weakness despite the recent volume surge. The price remains below all major moving averages, signalling that the broader downtrend is intact. The mojo rating upgrade from ‘Strong Sell’ to ‘Sell’ is a modest improvement but still advises caution. The increased delivery volume and liquidity suggest that the stock is attracting genuine interest, potentially setting the stage for a recovery if accompanied by positive fundamental developments.
Given the stock’s small-cap status and sector headwinds, investors may prefer to wait for confirmation of a sustained uptrend before committing significant capital. Monitoring volume trends alongside price action will be crucial in assessing whether accumulation continues or if the recent surge was a short-lived event.
Summary
Reliance Power Ltd’s exceptional trading volume on 30 Jan 2026 highlights renewed investor focus amid a challenging sector environment. While the stock outperformed its peers and the Sensex, technical indicators remain bearish, and the mojo score signals a cautious stance. The rise in delivery volume points to accumulation, but the overall risk profile and small-cap classification suggest that investors should approach with prudence and closely monitor upcoming market developments.
Upgrade at special rates, valid only for the next few days. Claim Your Special Rate →
