Reliance Power Shows Increased Trading Activity Amidst Recent Stock Decline

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 237,112,807 shares and a total traded value of approximately Rs 123.09 crores. The stock opened at Rs 52.9, reaching a day high of Rs 55.1 before settling at a last traded price of Rs 50.8, reflecting a decline of 0.85% for the day. This marks a consecutive fall for the stock, which has experienced a total drop of 2.74% over the past two days.
Despite the recent downturn, Reliance Power is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a relatively strong position in the market. Notably, the delivery volume on May 26 surged to 6.64 crore shares, an increase of 89.82% compared to the 5-day average, suggesting rising investor participation. The stock's liquidity remains robust, with a trade size of Rs 17.93 crores based on 2% of the 5-day average traded value.

With a market capitalization of Rs 20,185.28 crores, Reliance Power continues to hold a significant position in the large-cap segment of the power industry. Overall, the stock's performance today reflects a mix of activity and challenges, consistent with broader market trends.