Anil Ambani’s Reliance Power Shares Jump 4% as Small-Cap Stocks Rally on India–US Deal

Shares of Anil Ambani’s Reliance Power Ltd (NSE: RPOWER) rallied 4.29% to ₹27.97 on Tuesday, up from its previous close of ₹26.82, amid strong bullish sentiment in the broader market driven by India–US deal optimism. The stock outperformed the Nifty Smallcap 100 index, which surged 3.08% or 509.70 points to 17,028.20, compared to 16,523.35 in the previous session. Broader markets witnessed a powerful rally, with the BSE Sensex skyrocketing over 2,250 points, while the Nifty 50 surged past the 25,750 mark, as investors cheered positive global cues and growing optimism surrounding the India–US strategic and trade deal. Market participants said renewed risk appetite and aggressive buying in small-cap stocks lifted counters like Reliance Power, which is a constituent of the Nifty Smallcap 100 index.

Reliance Power recently announced its Q3 FY26 results. The company reported a 40.14 per cent decline in its consolidated profit after tax (PAT) at Rs 25.22 crore in the third quarter of the financial year 2025-26 against Rs 41.95 crore in the year-ago period. Reliance Power said that its debt-to-equity ratio, which was at 0.87, was among the lowest in the industry reflecting a strong and stable capital structure. Revenue from operations came in at Rs 1872.84 crore in Q3 FY26, reporting a growth of 1.08 per cent YoY against Rs 1852.84 crore in Q3 FY25. Its total income declined to Rs 1,949.78 crore in the October-December 20265 quarter from Rs 2,159.44 crore in the year-ago period.

The drop in the company's financing costs and the fall in the cost of fuel consumed were the primary drivers for the reduction in the total expenses for the October to December quarter of the fiscal year 2025-26.Shares of Reliance Power have delivered investors more than 757% returns on their investment in the last five years and over 126% returns in the last three years, NSE data shows. However, the company's shares have lost 26.82% in the last one-year period. Reliance Power stock hit its 52-week high level at ₹76.49 on 11 June 2025, while the 52-week low level was at ₹26.83 on 27 January 2026, according to the exchange data. The company's market capitalisation (M-Cap) stood at ₹11,704.23 crore as of the stock market close on 2nd February 2026.