Reliance Power shares rally 5% to hit fresh 52-week high

Shares of Reliance Power climbed as much as 5.5% on Monday to a record high of Rs 61.38 on the BSE, extending their recent rally driven by strong trading volumes and a major renewable energy project win. The stock has now surged over 17% in the past week and nearly 52% in the past month.

On Monday, trading activity remained elevated, with 1,654.71 lakh shares worth Rs 996.13 crore changing hands on the exchanges, indicating continued investor interest. The stock has now gained 56.8% over the last six months and 147% in the past year.

The rally follows Friday’s sharp jump of nearly 16% when the shares hit a 52-week high of Rs 60.5 on the NSE, also supported by heavy volumes.

Reliance Power’s gains have been underpinned by its recent announcement on May 28 that its subsidiary, Reliance NU Energies, secured a Letter of Award (LOA) for a 350 MW inter-state transmission system (ISTS)-connected solar power project coupled with a 175 MW/700 MWh Battery Energy Storage System (BESS) from SJVN, a Navratna public sector undertaking.

Reliance NU Energies had earlier emerged as the successful bidder in the auction for the project at a fixed tariff of Rs 3.33/kWh for 25 years.

“The project was part of a larger 1,200 MW solar + 600 MW/2,400 MWh BESS tender, which attracted participation from 19 developers, with 18 qualifying for the final e-reverse auction. The tender was oversubscribed by more than 4 times, reflecting heightened industry interest in dispatchable renewable energy solutions,” the company said.

The project will add 600 MW of solar DC capacity and 700 MWh of BESS capacity to Reliance Power’s portfolio. With this, the company now has a clean energy pipeline of 2.4 GW of Solar DC and over 2.5 GWh of BESS capacity.

“The project reinforces Reliance Power’s strategic commitment to renewable energy leadership, while delivering sustainable value creation across stakeholders. It marks a significant milestone in the company’s strategic vision to transition toward cleaner energy sources and play a pivotal role in shaping the country’s sustainable energy future,” the company added.

Company's financials


For the January–March quarter of FY25, Reliance Power reported a consolidated net profit of Rs 126 crore, reversing a loss of Rs 397.56 crore in the same period last year. This turnaround was primarily driven by a steep reduction in expenses, which dropped to Rs 1,998.49 crore from Rs 2,615.15 crore a year earlier, even as revenue fell slightly to Rs 2,066 crore.

For the full year, the company posted a net profit of Rs 2,947.83 crore, compared to a loss of Rs 2,068.38 crore in FY24.

Reliance Power also said it completed debt servicing of Rs 5,338 crore over the past 12 months, including maturity repayments, bringing down its debt-to-equity ratio to 0.88:1 in FY25 from 1.61:1 in FY24.

Technicals

From a technical perspective, Reliance Power shares are currently trading above all key moving averages — from the 5-day to the 200-day simple moving average — indicating bullish momentum.

The Relative Strength Index (RSI) stands at 76.9, placing the stock in overbought territory and potentially signalling a pullback. Meanwhile, the MACD is at 3.4 and remains above both the centre and signal line, reinforcing the ongoing bullish trend.

Shareholding structure


As of May 7, 2025, promoters held 24.98% of Reliance Power’s shares. Foreign institutional investors (FIIs) held 12.87%, mutual funds 0.37%, and other institutions 16.1%.

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