In a day marked by sharp declines across Indian equity markets amid rising tensions in the Middle East in the wake of the USA-Israel attack on Iran, Anil Ambani's Reliance Power emerged as a rare gainer. The stock closed at ₹23.19, up from its previous close of ₹22.98, standing out amid widespread selling. Despite, today's marginal gain, the stock has tumbled nearly 50% over the past six months. Investors who entered the stock during its previous upward momentum are now sitting on substantial losses, as sustained selling and weak market cues have dragged prices lower.
The 52-week high for Reliance Power shares stands at ₹76.49.Reliance Power shares have fallen over 90% from their historic levels. On May 23, 2008, the stock was trading at ₹274.81. As of March 2, 2026, it has dropped to ₹22.76. Despite the recent decline, the long-term performance of the stock remains impressive. Reliance Power has delivered stellar returns of over 757% in the past five years and more than 126% gains over the last three years, significantly rewarding long-term investors who stayed invested through market cycles.
The broader market suffered deep losses on Wednesday, driven by concerns over a potential US-Iran-Israel conflict, a surge in crude oil prices, foreign capital outflows, and the rupee hitting a record low against the dollar. The BSE Sensex crashed 1,123 points, or 1.40%, to 79,116, while the Nifty 50 fell 385 points, or 1.55%, to 24,480.50. Investors saw panic selling across sectors, with as many as 719 stocks, including Swiggy, SBI Cards, IRFC, RVNL, DLF, Naukri, Page Industries, Procter & Gamble Hygiene and Health Care, and Shree Cement, hitting their 52-week lows. Other notable companies such as ACC, Bata India, Birla Corporation, Godrej Industries, and JK Lakshmi Cement also touched record lows on the BSE. Amid this market-wide decline, Reliance Power bucked the trend, gaining 21 paise to close at ₹23.19.