Reliance Power Share Price Hits 52-Week High, Surges Over 60% in a Month — Is the Rally Sustainable?
New Delhi, June 10: In a strong show of momentum, Reliance Power’s share price surged over 10% in intraday trading on Tuesday, touching a 52-week high of ₹71.35 on the BSE. This rally comes amid a relatively flat market and has sparked interest among retail and institutional investors.
The stock opened at ₹65.56, up from the previous close of ₹64.55, before climbing as high as ₹71.35, marking a 10.53% jump for the day. With this move, Reliance Power shares have gained nearly 68% year-to-date and over 174% in the past year. In just the last 30 days, the stock is up more than 60%, thanks to strong quarterly results and renewed investor confidence.
What’s Driving Reliance Power’s Rally?
One of the major catalysts behind the surge is the company’s impressive turnaround in Q4FY25. Reliance Power posted a consolidated net profit of ₹125.57 crore, reversing a loss of ₹397.56 crore from the same quarter last year. Although the company’s revenue dipped slightly to ₹1,978.01 crore from ₹1,996.65 crore YoY, the improved profitability has boosted market sentiment.
Adding to the bullish outlook, the company’s subsidiary Reliance NU Energies Pvt. Ltd. recently secured a major project — a 350 MW ISTS-connected solar power plant coupled with a 175 MW/700 MWh battery energy storage system (BESS), awarded by SJVN Limited. This move aligns with India’s clean energy goals and enhances Reliance Power’s presence in the renewable energy space.
Analysts See Long-Term Growth Potential
Market experts are optimistic about the stock’s long-term prospects.
“Reliance Power’s improved balance sheet and return to profitability signal stronger cash flows and lower financial risk—key drivers for sustained price appreciation,” said Rajesh Sinha, Senior Research Analyst at Bonanza.
According to Sinha, the company has completed debt servicing of ₹5,338 crore, bringing down its debt-to-equity ratio from 1.61:1 to 0.88:1 between FY24 and FY25, marking a significant improvement in financial health.
Anshul Jain, Head of Research at Lakshmishree Investments, noted that the stock had broken past a key resistance level at ₹53 and successfully tested a short-term target of ₹69. “The next target lies at ₹75. Traders can trail stops and look for entry on dips near ₹65–67,” he added.
Jigar S. Patel, Senior Manager of Equity Research at Anand Rathi, pointed out that the monthly RSI remains above 70, indicating strong bullish momentum. “The stock has breached its 2018 high of ₹65.20, and the next resistance is near ₹75, with support around ₹65.”
Should You Buy?
Given the company’s solid financial turnaround, expanding footprint in renewable energy, and improving technical indicators, analysts believe there’s still steam left in Reliance Power’s rally. For long-term investors, the stock presents a potential opportunity on dips, while short-term traders can ride the momentum with appropriate risk management.
As always, investors should do their due diligence or consult financial advisors before making any decisions.
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