Shares of Anil Ambani's Reliance Power Ltd continued their upward momentum on Monday, trading at ₹29.56 on the NSE, up ₹1.16 or 4.08% in today’s session. The stock has been one of the standout performers in the power sector this month, delivering a sharp rally of over 38% in April so far. The broader power sector has seen strong buying interest recently, with several companies gaining as much as 40–42%, supported by a favourable policy environment, increasing electricity demand, and a positive outlook for renewable energy expansion.
Reliance Power, part of the Reliance Dhirubhai Ambani Group, is engaged in developing, operating, and maintaining power projects across coal, gas, hydro, and renewable energy segments. The company has both domestic and international operations and aims to cater to India’s growing energy needs through large-scale generation capacity.
The stock opened April at ₹21.65 and touched a high of ₹30.80 during the month, marking an impressive rally of around 42.2%. It had closed the previous month at ₹20.36, indicating a clear shift in investor sentiment and sustained bullish momentum throughout April. Market experts believe the rally is not entirely random. A key trigger has been the company’s move towards becoming debt-free, which has improved investor confidence and led to value buying at lower levels.
According to Ganesh Dongre, Senior Manager — Technical Research at Anand Rathi, the stock has witnessed a decisive breakout on the weekly charts. “Reliance Power has formed a strong base around ₹20, which now acts as a crucial support zone. Trading above the breakout level reflects positive momentum and signals the potential for further upside,” he noted. As per the March 2026 quarter shareholding data, Anil Ambani holds 4,65,792 shares, representing a 0.01% stake in the company. Other promoter family members — Tina Ambani and Anmol Ambani — also hold 0.01% stakes each, while Kokilaben Ambani owns 0.02%.