Reliance Power Ltd’s share price exhibited notable fluctuations in the market. The stock opened at ₹40.05, reflecting a previous close of ₹38.15, and reached a high of ₹44.15 during the trading session. However, it also saw a low of ₹42.30, indicating volatility throughout the day. As of the latest updates, the share price stands at ₹42.05, remaining unchanged from the previous close, with a trading volume of over 5 million shares.
Main Points
- 1 Reliance Power Share Live Today: Market Performance
- 2 Reliance Power Share Technical Analysis
- 3 Reliance Power Share Fundamental Analysis
- 4 Today’s Target Prediction and Intraday Trading Levels
- 5 Reliance Power Share Tomorrow’s Forecast
- 6 Quarterly Results Analysis
- 7 Reliance Power Share Market Outlook
- 8 Compare Peer Stocks
- 9 Key Factors Influencing Movement
- 10 Reliance Power Share Important Levels and Movement Causes
- 11 Reliance Power Share 52 Week High/Low
The performance of Reliance Power today can be summarized as follows:
- Opening Price: ₹40.05
- Previous Close: ₹38.15
- Day’s High: ₹44.15
- Day’s Low: ₹42.30
- Current Price: ₹42.05
- Market Capitalization: Approximately ₹13,894.70 crore
This performance reflects a significant increase from earlier in the week, where the stock had surged by over 16% in just one week.
From a technical standpoint, Reliance Power is currently trading below its 50-day moving average (DMA), which is a crucial indicator for traders. The stock is approximately 9% above its 200 DMA, suggesting that while it has shown some upward momentum, it still needs to consolidate above the 50 DMA for a more bullish outlook. The stock’s beta value of 2.12 indicates higher volatility compared to the broader market.
Analyzing the fundamentals reveals some concerning metrics:
- PE Ratio: -7.43 (indicating losses)
- EPS (Earnings Per Share): -4.66
- Debt to Equity Ratio: 81%, which is relatively high and suggests financial leverage risks.
- Quarterly Losses: Reliance Power has reported losses for four consecutive quarters, with a net loss of ₹97.85 crore in the latest quarter.
Despite these challenges, the company has shown resilience with a three-year return of approximately 139.78%, outperforming the Nifty Midcap index.
Today’s Target Prediction and Intraday Trading Levels
For traders looking at intraday levels:
- Immediate Support Level: ₹40
- Immediate Resistance Level: ₹44
- Target Price for Today: Traders may aim for a target around ₹45 if bullish sentiment continues.
Looking ahead to tomorrow’s trading session, several factors could influence Reliance Power’s performance:
- Market Sentiment: Positive news or trends in the energy sector could bolster investor confidence.
- Technical Breakouts: If the stock manages to break above the resistance level of ₹44 convincingly, it may attract further buying interest.
- Broader Market Trends: Movements in peer stocks such as NTPC and Tata Power could also impact Reliance Power’s price action.
Quarterly Results Analysis
The upcoming quarterly results will be critical for assessing the company’s financial health. Analysts will closely monitor revenue growth and profit margins to gauge recovery potential after consecutive losses.
The overall market outlook remains cautious due to macroeconomic factors affecting investor sentiment across sectors. However, Reliance Power’s strategic initiatives in renewable energy may provide long-term growth opportunities.
Compare Peer Stocks
When comparing Reliance Power with its peers:
| Company | Current Price | Market Cap (₹ Cr) | PE Ratio | EPS |
|---|---|---|---|---|
| Reliance Power | 42.05 | 13,894.70 | -7.43 | -4.66 |
| NTPC | 401.40 | 389,224.18 | 18.18 | 12.95 |
| Tata Power | 441.80 | 141,170.10 | 38.22 | 4.36 |
This comparison highlights Reliance Power’s challenging position within the sector due to its negative earnings and high debt levels compared to more stable peers like NTPC and Tata Power.
Key Factors Influencing Movement
Several key factors have influenced today’s price movements:
- Market Trends: Overall market volatility has affected investor sentiment.
- Sector Performance: The power generation sector’s performance directly impacts stock prices.
- Investor Sentiment: Recent news regarding financial health and operational efficiency has led to cautious trading behavior.
Key levels to watch include:
- Support Level: ₹40
- Resistance Level: ₹44
- The causes behind today’s movements can be attributed to broader market trends and specific news regarding quarterly results that investors are anticipating.
The stock has experienced significant fluctuations over the past year:
- 52 Week High: ₹38.11
- 52 Week Low: ₹15.55
This range indicates substantial volatility and potential for recovery or further decline depending on upcoming financial disclosures.
