Reliance Power Sees Surge in Trading Volume Amid Market Volatility
Reliance Power Ltd has become one of the most actively traded stocks today, with over 62 million shares exchanged. Despite a decline in price and underperformance compared to its sector, investor participation surged significantly, indicating heightened interest. The stock remains liquid for substantial trades, reflecting notable volatility.
Reliance Power Ltd, a small-cap player in the power industry, has emerged as one of the most active equities by volume today. The stock, trading under the symbol RPOWER, recorded a total traded volume of 62,422,211 shares, with a total traded value of approximately Rs 27,590.62 lakhs. Opening at Rs 43.55, Reliance Power experienced a gap down of 3.5% and reached a day's low of Rs 42.94, reflecting a decline of 4.09%. The stock's performance today has underperformed its sector by 3.53%, with a 1D return of -3.92%, compared to the sector's return of -0.31% and the Sensex's return of -0.29%.
Despite the downturn, there has been a notable increase in investor participation, with delivery volume on August 5 rising by 597.81% against the five-day average. Additionally, the stock remains liquid enough for a trade size of Rs 2.54 crore, based on 2% of the five-day average traded value.
Overall, Reliance Power's trading activity today reflects significant volatility and investor engagement, while the stock continues to trade below its moving averages across various time frames.
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