Trading Activity and Price Movement
On 26 Feb 2026, Reliance Power witnessed a total traded volume of 7,008,086 shares, translating to a traded value of approximately ₹17.61 crores. The stock opened at ₹25.16 and fluctuated within a narrow intraday range, hitting a high of ₹25.37 and a low of ₹24.90 before settling at ₹25.29 as of 09:44 IST. This closing price marked a decline of 1.41% from the previous close of ₹25.54, reflecting persistent selling pressure.
The volume surge is notable given the stock’s liquidity profile, which comfortably supports trade sizes up to ₹1.4 crores based on 2% of the five-day average traded value. However, despite the high volume, delivery volumes have declined sharply, with the 25 Feb delivery volume falling by nearly 30% compared to the five-day average, signalling reduced investor participation in holding the stock.
Technical Indicators and Moving Averages
Reliance Power’s price action remains firmly bearish, trading below all key moving averages including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This alignment of moving averages below the current price level typically indicates sustained downward momentum. The fresh 52-week low of ₹24.90 hit today further confirms the stock’s weak technical stance.
Compared to the broader Power sector, which declined marginally by 0.05% on the day, Reliance Power underperformed by 2.05%, highlighting its relative weakness. Meanwhile, the Sensex managed a modest gain of 0.24%, underscoring the stock’s divergence from broader market trends.
Fundamental Assessment and Ratings
MarketsMOJO’s latest assessment downgraded Reliance Power from a Sell to a Strong Sell rating on 3 Nov 2025, reflecting deteriorating fundamentals and weak outlook. The company’s Mojo Score stands at a low 29.0, indicating poor overall quality and momentum. Its Market Cap Grade is rated 3, categorising it as a small-cap stock with limited market capitalisation of ₹10,422.14 crores.
This downgrade signals caution for investors, as the stock’s financial health and growth prospects appear increasingly challenged. The combination of a low Mojo Score and negative price action suggests that accumulation is unlikely at current levels, with distribution dominating trading activity.
Patience pays off here! This Micro Cap from Fertilizers sector has delivered steady gains quarter after quarter. Now proudly part of our Reliable Performers list.
- - New Reliable Performer
- - Steady quarterly gains
- - Fertilizers consistency
Volume Surge Drivers and Market Sentiment
The exceptional volume in Reliance Power shares appears driven by a combination of speculative trading and institutional repositioning. The sharp decline in delivery volumes suggests that while many shares changed hands, fewer investors are holding the stock for the long term. This pattern is often indicative of distribution phases, where larger holders offload positions amid weakening fundamentals.
Investor sentiment remains subdued, with the stock’s inability to sustain levels above key moving averages reinforcing bearish views. The fresh 52-week low and underperformance relative to the sector further dampen enthusiasm. Given the stock’s small-cap status and limited market cap grade, it remains vulnerable to volatility and liquidity-driven price swings.
Comparative Sector and Market Context
Within the Power sector, Reliance Power’s performance contrasts with more stable or resilient peers. The sector’s marginal decline of 0.05% on the day reflects a relatively steady environment, while Reliance Power’s 1.33% one-day return loss highlights its underperformance. This divergence may prompt investors to seek alternatives within the sector that offer stronger fundamentals and technical setups.
Reliance Power Ltd or something better? Our SwitchER feature analyzes this small-cap Power stock and recommends superior alternatives based on fundamentals, momentum, and value!
- - SwitchER analysis complete
- - Superior alternatives found
- - Multi-parameter evaluation
Investor Takeaways and Outlook
For investors, the current scenario suggests caution in Reliance Power shares. The strong sell rating, combined with weak technical indicators and declining delivery volumes, points to a continuation of the downtrend in the near term. The stock’s liquidity is adequate for moderate trade sizes, but the lack of accumulation signals and persistent underperformance relative to sector peers reduce its attractiveness.
Market participants may consider monitoring the stock for any signs of reversal, such as a sustained rise above key moving averages or improvement in delivery volumes. Until then, the prevailing distribution pattern and negative momentum warrant a defensive stance.
Given the availability of superior alternatives within the Power sector and broader market, investors seeking exposure to this space might benefit from exploring stocks with stronger fundamentals and more favourable technical setups.
Summary
Reliance Power Ltd’s heavy trading volume on 26 Feb 2026 reflects heightened market activity but fails to translate into positive price momentum. The stock’s fresh 52-week low, underperformance against sector and benchmark indices, and downgrade to a Strong Sell rating collectively signal a challenging environment. Investors should weigh these factors carefully and consider more robust options within the sector.
Limited Period Only. Start at Rs. 9,999 - Get MojoOne for 1 Year + 3 Months FREE (60% Off) Get 71% Off →
