Reliance Power shares jump 16% to hit fresh 52-week high amid high volume
Reliance Power shares have been on a steady uptrend since the Q4 results, where the company reported a turnaround to profit from a year-ago loss.
Reliance Power's shares surged nearly 16% to a 52-week high of Rs 60.5, fueled by robust trading volumes. The stock has delivered multibagger returns, rallying 139% in the past year. The company reported a consolidated net profit of Rs 126 crore for Q4 FY25, reversing a previous loss, and a full-year profit of Rs 2,947.83 crore.
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Reliance Power shares technical indicators
Shares of Reliance Power jumped nearly 16% to a fresh 52-week high of Rs 60.5 on Friday, driven by strong trading volumes on the NSE. Around 41.81 lakh shares worth Rs 2,393.4 crore changed hands during the session.At 2.11 p.m., the stock was trading 13.8% higher at Rs 59.4. Reliance Power also delivered multibagger returns to its investors, as the stock has rallied nearly 139% in the past 12 months. It has also jumped over 356% in the last two years and gained 2,900% in the past five years. Reliance Power has a market cap of Rs 23,728 crore.According to the latest shareholding pattern, as of 7 May 2025, 24.98% of the company's shareholding is with the promoters, 12.87% with FIIs, 0.37% with Mutual Funds, and 16.1% with the Institutions.For the January–March quarter of FY25, Reliance Power posted a consolidated net profit of Rs 126 crore, reversing a loss of Rs 397.56 crore in the same period last year. The turnaround was mainly driven by a sharp drop in expenses.Quarterly income declined to Rs 2,066 crore from Rs 2,193.85 crore a year ago, but expenses fell sharply to Rs 1,998.49 crore from Rs 2,615.15 crore.For the full fiscal year, the company reported a consolidated net profit of Rs 2,947.83 crore, compared to a loss of Rs 2,068.38 crore in FY24.Reliance Power completed debt servicing of Rs 5,338 crore over the past 12 months, including maturity repayments. This helped reduce its debt-to-equity ratio to 0.88:1 in FY25 from 1.61:1 in FY24.The stock's Relative Strength Index (RSI) stands at 69.5, just below the overbought threshold of 70. The MACD is at 2.0 and remains above both the centre and signal line, indicating bullish momentum.Reliance Power shares are currently trading above their 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day simple moving averages (SMAs).(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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