Reliance Power Shows Strong Market Activity Amid Declining Investor Participation

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 60,290,202 shares and a total traded value of approximately Rs 38.39 crore. The stock opened at Rs 62.28 and reached a new 52-week high of Rs 64.37, reflecting a notable intraday gain of 4.43%. Currently, the last traded price stands at Rs 63.58.
In terms of performance, Reliance Power has outperformed its sector by 1.29%, marking a consecutive gain over the last two days with a total return of 3.5% during this period. The stock is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.

However, it is worth noting that investor participation has seen a decline, with delivery volume dropping by 43.07% compared to the 5-day average. Despite this, the stock remains liquid enough for trades, with a liquidity level based on 2% of the 5-day average traded value amounting to Rs 33.14 crore. Overall, Reliance Power's performance today highlights its active market presence and resilience in the power sector.