Volume Surge and Market Activity
On 17 Feb 2026, Reliance Power witnessed a significant spike in trading volume, with 6,273,220 shares changing hands by 09:44 IST. This volume surge is notable given the stock’s recent trend of declining investor participation, as evidenced by a 19.1% drop in delivery volume to 92.94 lakh shares on 16 Feb compared to its five-day average. The stock’s liquidity remains adequate for sizeable trades, with the day’s traded value of ₹16.91 crores comfortably exceeding 2% of its five-day average traded value, supporting a trade size of approximately ₹1.69 crores.
The stock opened at ₹26.80, touched a high of ₹27.27, and a low of ₹26.70 before settling near ₹26.93 at the last update. This intraday price movement, coupled with the volume spike, suggests active accumulation by some market participants, despite the broader downtrend.
Technical and Trend Analysis
Reliance Power’s price action shows signs of a tentative trend reversal after four consecutive days of decline. The stock outperformed its sector by 0.85% and the Sensex by 1.12% on the day, registering a 0.90% one-day return compared to the sector’s -0.16% and Sensex’s -0.22%. However, the stock continues to trade below all key moving averages—5-day, 20-day, 50-day, 100-day, and 200-day—indicating persistent bearish momentum in the medium to long term.
Notably, the stock is trading just 3.5% above its 52-week low of ₹25.92, underscoring the pressure on prices. The market cap stands at ₹11,125.22 crores, categorising Reliance Power as a small-cap stock within the power sector. This classification often entails higher volatility and sensitivity to sectoral and macroeconomic developments.
Mojo Score and Analyst Ratings
MarketsMOJO assigns Reliance Power a Mojo Score of 29.0, reflecting a Strong Sell rating as of 3 Nov 2025, an upgrade in negativity from the previous Sell grade. The market cap grade is a low 3, signalling limited institutional interest and weaker fundamentals relative to peers. This rating aligns with the stock’s technical weakness and subdued investor confidence, despite the recent volume surge.
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Accumulation vs Distribution Signals
The high volume trading activity on 17 Feb 2026, combined with a slight price uptick, suggests a potential accumulation phase. However, the falling delivery volume on the previous day indicates some selling pressure or reduced investor conviction. This dichotomy points to a cautious market environment where short-term traders may be stepping in to buy at perceived bargain levels, while longer-term holders remain hesitant.
Given the stock’s position below all major moving averages, any sustained recovery would require a significant increase in buying interest and positive fundamental catalysts. Until then, the stock is likely to experience volatility with intermittent volume spikes driven by speculative trading.
Sector and Market Context
The power sector has faced headwinds recently due to regulatory uncertainties and fluctuating fuel costs, impacting earnings visibility for companies like Reliance Power. The sector’s muted one-day return of -0.16% contrasts with Reliance Power’s modest outperformance, highlighting stock-specific factors at play.
Investors should also consider the broader market environment, with the Sensex declining by 0.22% on the day. Reliance Power’s relative resilience amid a weak market may attract short-term traders looking for contrarian opportunities, but the fundamental challenges remain significant.
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Investor Takeaway
Reliance Power’s recent trading activity highlights the stock’s volatile nature and the mixed signals it is sending to investors. While the volume surge and slight price recovery may indicate short-term accumulation, the overall technical backdrop and strong sell rating caution against aggressive buying.
Investors should closely monitor the stock’s ability to break above key moving averages and sustain higher volumes to confirm a genuine trend reversal. Until then, the stock remains a high-risk proposition within the power sector, better suited for traders with a high-risk appetite rather than conservative investors.
Given the availability of superior alternatives in the sector and broader market, as identified by multi-parameter evaluations, investors may consider diversifying their exposure rather than concentrating on Reliance Power at this juncture.
Conclusion
Reliance Power Ltd’s high volume trading on 17 Feb 2026 underscores the stock’s continued relevance in the small-cap power segment despite fundamental and technical challenges. The interplay of accumulation signals amid a bearish trend creates a complex scenario for investors. Careful analysis of volume patterns, price action, and sector dynamics will be essential to navigate this stock’s near-term trajectory.
For those seeking growth opportunities, exploring other small-cap stocks showing early turnaround signs or leveraging analytical tools to identify superior alternatives may prove more rewarding in the current market environment.
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