Reliance Power Sees Active Trading Amid Rising Stock Performance and Declining Investor Participation

Reliance Power Ltd, a prominent player in the Power Generation and Distribution industry, has emerged as one of the most active equities today, with a total traded volume of 34,311,985 shares and a total traded value of approximately Rs 14,493.38 lakhs. The stock opened at Rs 41.95 and reached a day high of Rs 42.97, closing at Rs 42.10, reflecting a 1.71% increase for the day.
Over the past five days, Reliance Power has shown a consistent upward trend, gaining 10.56% in returns, outperforming its sector by 1.99%. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong performance relative to these benchmarks.

However, there has been a notable decline in investor participation, with delivery volume on April 17 falling by 8.27% compared to the 5-day average. Despite this, the stock remains liquid enough for trades of Rs 2.44 crore, based on 2% of the 5-day average traded value.

In summary, Reliance Power's performance today highlights its active trading status and recent gains, while also noting a decrease in delivery volume.