Business: Reliance Power Share Price Today: 27 September. At 1:01 pm, Reliance Power shares are trading at ₹46.36, up 4.98% from its previous close. Sensex is trading at ₹85,615.63, down -0.26%. During the day, the stock touched a high of ₹46.36 and a low of ₹46.36.
Technically, the stock is trading above short-term simple moving averages of 5, 10, 20 days as well as long-term simple moving averages of 50, 100 and 300 days.
The SMA values for the stock are presented below:
Simple Daily Moving Average
5 37.92
10 34.12
20 32.28
50 31.58
100 29.48
300 27.92
Classic reversal level analysis shows that the major resistance levels for the stock are Rs 44.77, Rs 45.38 and Rs 46.62 and the major support levels on the daily time frame of Rs 0.07 are Rs 42.92, Rs 41.68 and Rs 41. As of 1:00 pm today, the trading volume of Reliance Power on NSE and BSE was -24.30% lower than the previous trading session. Trading volume and price are important indicators to study trends. Positive price movement on high volume indicates continuation of bullish trend, while negative price movement on high volume may indicate further price decline. Overall, the stock is currently trending strongly, as per Mint’s technical analysis.
From a fundamental perspective, the company’s ROE is -19.32%.
As per June quarter data, the company has 23.24% promoter stake, 2.67% MF stake and 7.59% FII stake.
FII stake fell from 7.89% in March to 7.59% in the June quarter.
