Reliance Power's Stock Sees Decline Amid Negative Sentiment and Underperformance

Reliance Power, a midcap company in the power generation and distribution industry, has seen a decline in its stock price on November 12, 2024. The stock has been given a 'Sell' call by MarketsMOJO, indicating a negative sentiment towards the company's performance.

On this day, Reliance Power's stock has underperformed the sector by -5.21%, with a consecutive fall for the last 3 days and a total decline of -14.25% in this period. The stock also opened with a gap down of -3.17%, indicating a significant drop in its value.

The day's low for Reliance Power was Rs 37.43, a decrease of -5% from its previous closing price. The stock's moving averages show that it is currently higher than the 100-day and 200-day moving averages, but lower than the 5-day, 20-day, and 50-day moving averages.

In comparison to the Sensex, Reliance Power's performance in the last 1 day and 1 month has been -3.43% and -13.82% respectively, while the Sensex has shown a positive performance of 0.21% and a negative performance of -2.11% in the same periods.

It is important to note that this article is based on factual information and does not include any external data or sources. It is meant to provide a neutral and informative overview of Reliance Power's recent stock performance. Investors are advised to conduct their own research and analysis before making any investment decisions.