Reliance Power's Stock Shows Strong Performance

Reliance Power, a midcap company in the power industry, has seen a positive trend in its stock performance. On January 3rd, 2024, the stock gained 5.07%, closing at Rs. 25.5. This has been attributed to the company's recent inclusion in the Hidden Turnaround list on MarketsMOJO since May 4th, 2023.

The stock has also outperformed the sector by 2.56% and has been on a consecutive gain for the last 4 days, with a total rise of 12.66% during this period. It also hit a new 52-week high of Rs. 25.5 on the same day.

Reliance Power's moving averages show a positive trend, with the stock trading higher than the 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a strong performance and potential for further growth.

In comparison to the Sensex, Reliance Power has outperformed with a 1-day performance of 5.86% while the Sensex has seen a -0.51% performance. In the last month, Reliance Power has also outperformed the Sensex with a 22.14% performance compared to the Sensex's 6.00%.

Overall, Reliance Power's stock has shown a positive trend and has been performing well in the market. Investors are advised to hold their positions, as suggested by MarketsMOJO.