Shares of Reliance Power continued to remain in focus as the stock showed resilience amid broader market weakness. The stock of the Anil Ambani-led company was trading at ₹28.05 on Tuesday, up 0.21% for the day on the NSE. Over the past one month, the stock has gained nearly 7.43%, outperforming several broader market indices during the same period. The rise in Reliance Power shares comes even as Indian equity benchmarks remained under pressure due to weak global cues and continued volatility in the market. Despite the cautious sentiment, investors have shown interest in select power and infrastructure stocks, with Reliance Power witnessing steady buying activity.
Virat Jagad, Senior Technical Research Analyst at Bonanza, said RPower is witnessing a short-term recovery following a prolonged downtrend, supported by strong volumes and an oversold bounce. However, he cautioned that the broader structure remains weak. According to him, the stock is seeing accumulation near the Rs 25–26 support zone, while Rs 30–35 serves as immediate resistance. A breakout above Rs 35 could drive momentum towards Rs 42–45, while failure to sustain may pull the stock back to Rs 24. He maintained a cautiously bullish near-term bias, with short-term targets of Rs 35–42 and medium-term targets of Rs 45–55.
According to stock market experts, the rally in Reliance Power shares is not random. They said the ADDAG group's stock is rising on strong fundamentals, with the biggest trigger being the recently achieved debt-free status, which has driven value buying at lower levels.According to the shareholding pattern of the ADAG group company for the March 2026 quarter, Anil Ambani owns 4,65,792 shares, or a 0.01% stake, as a promoter. His wife, Tina Ambani, and son, Anmol Ambani, hold 0.01% stakes in the company, whereas his mother, Kokila D Ambani, holds a 0.02% stake. These family members also hold company shares as promoters.