Shares of Reliance Power Ltd witnessed a sharp surge of nearly 12% on Tuesday, breaching the ₹70 mark for the first time in over a decade. The stock rallied to ₹72.26 during the session, notching a new 52-week high and pushing the company’s market capitalization close to ₹30,000 crore.
The last time Reliance Power traded above ₹70 was in November 2014, before enduring a prolonged downtrend that saw it fall into penny stock territory by April 2019. Since hitting a low of around ₹1.1 in March 2020, the stock has staged a remarkable comeback, delivering staggering returns of nearly 7,000%. Even over the past five years, the stock has risen approximately 2,700%.
This impressive performance has been supported by a confluence of positive developments. The company recently returned to profitability in the fourth quarter of FY25, posting a consolidated net profit of ₹125.60 crore, a sharp turnaround from a loss of ₹397.56 crore in the same quarter last year. Revenue from operations stood at ₹1,978.01 crore, only marginally lower than ₹1,996.65 crore reported a year ago.
Investor sentiment has also been buoyed by strategic project wins, favorable legal outcomes, fresh equity infusions, and long-term business agreements. Last month, Reliance Power’s subsidiary signed a 25-year power purchase agreement (PPA) with the Solar Energy Corporation of India (SECI) for Asia’s largest single-site solar and battery energy storage project.
In another significant development, the company inked a commercial term sheet in May 2025 for a long-term PPA with Green Digital Private Limited (GDL), backed by Druk Holding and Investments Limited—the investment arm of the Royal Government of Bhutan.
The stock surged 45.5% in May alone and has gained nearly 20% in the past week, bringing its one-year gain to an impressive 175%, making it one of the top performers in the power sector on Dalal Street.
From a technical standpoint, analysts note that the Relative Strength Index (RSI) stands at 77.1, indicating overbought conditions and a possibility of a short-term correction. However, the Moving Average Convergence Divergence (MACD) indicator remains in bullish territory at 5.4, supporting continued momentum.
With a strong order book, a return to profitability, and sustained investor interest, Reliance Power appears poised to continue its upward trajectory, although experts advise caution given the stock’s sharp run-up in recent months.
