Reliance Power Shows Strong Market Position 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 169,284,176 shares and a total traded value of approximately Rs 104.72 crores. The stock opened at Rs 60.10 and reached a day's high of Rs 63.43, just 2.55% shy of its 52-week high. The last traded price stood at Rs 60.94, reflecting a 2.22% increase for the day, outperforming its sector, which saw a return of 0.55%, while the broader Sensex declined by 0.19%.
Reliance Power is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend in its performance. However, it is noteworthy that investor participation has decreased, with delivery volume dropping by 34.93% compared to the 5-day average, totaling 4.91 crore shares on June 5. The stock remains liquid, with a trade size of Rs 43.11 crores based on 2% of the 5-day average traded value.

In summary, Reliance Power's performance today highlights its strong market position within the power sector, despite a decline in investor participation.