Reliance Power Sees Surge in Trading Volume and Investor Participation Amid Strong Market Position
Reliance Power Ltd has become one of the most actively traded stocks, with over 126 million shares exchanged and a significant total traded value. The stock reached a new 52-week high and has shown consistent gains over the past three days, reflecting strong investor interest and robust market performance.
Reliance Power Ltd, a prominent player in the power industry, has emerged as one of the most active equities today, with a total traded volume of 126,216,486 shares and a total traded value of Rs 75,729.89 lakhs. The stock opened at Rs 58.64 and reached a day high of Rs 61.40, marking a new 52-week high of Rs 60.65. The last traded price (LTP) stands at Rs 60.67, reflecting a 4.41% increase for the day.In terms of performance, Reliance Power has outperformed its sector by 1.96%, and it has shown a notable upward trend, gaining for three consecutive days with a total return of 17.83% during this period. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong bullish trend.
Investor participation has also seen a significant rise, with delivery volume on May 30 reaching 12.04 crore, a 107.35% increase compared to the 5-day average. The stock's liquidity remains robust, accommodating trade sizes of Rs 28.88 crore based on 2% of the 5-day average traded value. Overall, Reliance Power's performance today highlights its strong market position and active trading dynamics.
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