Anil Ambani’s Reliance Power Shares Jump Nearly 7% on Volume Spike; Outperform Sensex Amid ED Probe

Shares of Anil Ambani’s Reliance Power Ltd witnessed strong buying interest on March 20, 2026, backed by a sharp spike in trading volumes and a notable intraday price rally. The stock recorded a total traded volume of 1.01 crore shares, translating into a traded value of approximately ₹22.67 crore, signaling heightened investor participation compared to its recent average volumes.

Opening at ₹22.00, the stock touched an intraday high of ₹22.79 and was trading around ₹22.57 at 09:44 IST, marking a gain of 4.81% from its previous close of ₹21.80. As the session progressed, shares extended gains further to ₹23.26, rising 6.70% intraday. Reliance Power’s rally stood out against broader market trends. While the power sector advanced by 2.59%, the benchmark BSE Sensex rose a modest 1.03%, highlighting the stock’s relative outperformance during the session. The surge also came alongside a price return of around 3.67% earlier in the day, indicating sustained buying momentum. Despite today’s strong rally, the broader trend for Reliance Power remains weak. Over the past six months, the stock has declined sharply by over 52%, underscoring continued pressure and volatility in the counter.

Last week, the Enforcement Directorate  conducted searches at multiple locations in Mumbai and Hyderabad as part of an investigation against Reliance Power Ltd. About 10-12 locations linked to the said company and its executives were searched in the two cities. Anil Ambani, 66, has been questioned twice by the ED under the anti-money laundering law as part of this investigation. The ED has formed a special investigation team (SIT) to probe the cases against Ambani’s group companies on the directions of the Supreme Court.According to information furnished by the ED to the apex court, it has filed three money laundering cases against the Anil Dhirubhai Ambani Group (ADAG) to investigate charges of bank loan fraud and other financial irregularities. Shares of Reliance Power have delivered stock market investors more than 757% returns on their investment in the last five years and over 126% returns in the last three years. Reliance Power stock hit its 52-week high level at ₹76.49 on 11 June 2025. The company's market capitalisation (M-Cap) stood at ₹11,704.23 crore