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Reliance Power Soars 11%, Up 174% In A Year – Will The Rally Sustain?
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Reliance Power Share Price: Shares of Reliance Power surged on Tuesday, hitting a fresh 10-year high
RPower Share Price: Shares of Reliance Power surged on Tuesday, hitting a fresh 10-year high of Rs 71.35, as they rallied 11 per cent on the BSE in intra-day trade amid heavy volumes.
At this price, the stock has soared nearly 68 per cent so far in 2025 and 174 per cent over the past year. In June alone, it has gained more than 20 per cent following a 45 per cent surge in May.
The recent momentum in this power stock has been driven by its robust Q4 earnings and a positive outlook.
For the March 2025 quarter (Q4FY25), Reliance Power reported a consolidated profit of Rs 125.57 crore, reversing a loss of Rs 397.56 crore in the same period last year (Q4FY24).
However, consolidated revenue from operations dipped slightly by nearly 1 per cent to Rs 1,978.01 crore from Rs 1,996.65 crore a year earlier.
Meanwhile, Reliance Power's subsidiary, Reliance NU Energies Private Limited, on May 28 received a letter of award (LOA) from SJVN Limited—a Navratna Central Public Sector Enterprise—for a 350 MW inter-state transmission system (ISTS)-connected solar power project, along with a 175 MW/700 MWh battery energy storage system (BESS).
Reliance Power growth opportunities
According to the National Electricity Plan, India plans to add around 80 gigawatts (GW) of new coal-based thermal power capacity by 2031–32 to meet growing electricity demand.
In its FY24 annual report, Reliance Power highlighted that this renewed focus presents growth prospects for thermal power players. Rising electrification, higher per-capita power consumption, and the adoption of electric vehicles (EVs) are expected to drive demand. India also aims to achieve 500 GW of non-fossil capacity by 2030 as part of its energy transition.
'In the near term, prices may continue to rise, but given the overbought conditions, buying on dips would be ideal. Rs 56-57 appears to be strong support, while Rs 72 is seen as resistance," Bhosale said.
Further, Riyank Arora, Technical Analyst at Mehta Equities, observed that Reliance Power share price is showing signs of profit-booking after the recent rally, with major resistance at Rs 65.
'Reliance Power has seen a significant run-up, and the current pause suggests a short-term consolidation or mild correction. If it fails to break above Rs 65, we may see selling pressure pushing it back towards the Rs 58–59 support zone. While momentum remains positive, traders should be cautious near resistance. Fresh entry is only recommended on a decisive breakout above Rs 65 with strong volume," Arora explained.
Disclaimer:Disclaimer: The views and investment tips by experts in this report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.
