Reliance Power Faces Continued Decline Amid Broader Market Weakness

Reliance Power, a midcap player in the power generation and distribution sector, has experienced a notable decline today, with shares dropping by 5.01%. This performance marks a continuation of a downward trend, as the stock has now fallen for three consecutive days, accumulating a total decline of 8.07% during this period.
On February 11, 2025, Reliance Power's stock reached an intraday low of Rs 38.85, reflecting a decrease of 5.04% at its lowest point. In comparison to the broader market, Reliance Power underperformed, lagging behind its sector, which saw a decline of 2.16%. The stock's performance today was also significantly weaker than the Sensex, which fell by 1.59%.

In terms of moving averages, Reliance Power's current price is above its 200-day moving average but remains below the 5-day, 20-day, 50-day, and 100-day moving averages, indicating mixed short-term momentum. Over the past month, the stock has shown a slight decline of 0.49%, while the Sensex has decreased by 1.67%.