Reliance Power Sees Surge in Trading Activity Amid Recent Performance Gains

Reliance Power Ltd, a small-cap player in the power industry, has emerged as one of the most active equities today, with a total traded volume of 13,843,953 shares and a total traded value of approximately Rs 69.01 crores. The stock opened at Rs 49.90, reflecting a gain of 4.59% from the previous close of Rs 47.71, and reached an intraday high of Rs 50.09, marking a 4.99% increase.
Over the past three days, Reliance Power has shown a strong performance, gaining 15.73% in returns. Notably, the stock has outperformed its sector by 5.03% today. However, it is important to note that the delivery volume has seen a significant decline, with 829,000 shares delivered on August 20, down 54.9% compared to the five-day average.

In terms of moving averages, Reliance Power is currently above its 5-day, 20-day, and 200-day moving averages, but below its 50-day and 100-day averages. The stock's liquidity remains adequate for trading, with a size of Rs 1.13 crores based on 2% of the five-day average traded value. Overall, Reliance Power's performance today reflects notable activity and a positive trend in the context of its recent gains.