Reliance Power Ltd, part of the Anil Dhirubhai Ambani Group (ADAG), witnessed a strong surge in its stock price on Monday, climbing nearly 8% to touch a fresh 52-week high of ₹62.80 on the BSE. The stock closed at ₹61.95, up 6.52% intraday. This rally marks the third straight session of gains, powered by heavy volumes and strong investor interest.
The rally in Reliance Power shares is being driven by multiple bullish factors — including robust technical indicators, positive sentiment around clean energy investments, and the announcement of a landmark renewable energy project win that strengthens its future revenue prospects.
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Reliance Power Delivers Multibagger Returns: A Performance Review
Reliance Power share price has been on an incredible upward trajectory over the past year:
- 1-Month Return: +53%
- 3-Month Return: +85%
- Year-To-Date (YTD) Return: +38%
- 1-Year Return: +151%
- 2-Year Return: +370%
- 5-Year Return: +2,800%
These returns highlight the stock’s multibagger potential, particularly appealing to long-term investors who stayed committed during turbulent times for the ADAG group.
What Triggered the Latest Rally?
The most recent upward move was sparked by a major project announcement on May 28, 2025. Reliance Power’s subsidiary, Reliance NU Energies Private Limited, was awarded a 350 MW inter-state transmission system (ISTS)-connected solar power project, combined with a 175 MW/700 MWh Battery Energy Storage System (BESS).
This win came through a competitive bidding process conducted by SJVN, a Navratna PSU. The project is to be executed at a fixed tariff of ₹3.33 per kWh over 25 years — offering long-term visibility into revenue and margins.
Once commissioned, the project will add:
- 600 MW of solar DC capacity
- 700 MWh of battery storage capacity
This development propels Reliance Power’s clean energy pipeline to:
- 2.4 GW of total Solar DC capacity
- 2.5 GWh of Battery Energy Storage (BESS) capacity
This makes it India’s largest integrated Solar + BESS player, reinforcing investor confidence in its renewables strategy.
Trading Volumes Soar: Institutional Interest on the Rise?
On the day of the rally, over 61 crore shares changed hands, more than 2x the one-week average of 27 crore and nearly 5x the one-month average of 13 crore. This surge in volumes indicates strong institutional and retail participation, a bullish signal for any stock.
Technical Analysis: Bullish Breakout Signals More Upside
From a technical perspective, Reliance Power is showing strong bullish momentum. According to Anshul Jain, Head of Research at Lakshmishree Investments, the stock recently broke out of a 33-week-long ‘cup and handle’ formation— a highly reliable bullish chart pattern.
“The breakout was backed by volumes 8x higher than the 50-day average. The stock is trading above its breakout level, and dips towards ₹48 can be considered buying opportunities,” Jain noted.
Price Targets:
- Immediate Target: ₹65
- Medium-Term Target: ₹79
This technical setup further strengthens the bullish case, attracting traders and positional investors.
Should You Buy Reliance Power Shares Now?
Given its strong fundamentals, a growing pipeline in the renewable energy sector, and highly encouraging technical signals, Reliance Power appears to be an attractive investment bet for both short-term momentum traders and long-term investors.
However, potential investors must also consider that the stock has already delivered significant gains in recent months. Entering after a sharp rally carries price correction risk, especially if broader markets turn volatile or profit booking kicks in.
Hence, investors are advised to consult a certified financial advisor and evaluate their risk appetite before making fresh entries at current levels.
Conclusion: Is Reliance Power Stock a Buy?
Reliance Power’s recent 8% jump to a new 52-week high has captured market attention, backed by stellar returns, aggressive clean energy growth, and solid technical signals. With a strong renewable pipeline and institutional interest growing, Reliance Power could be poised for further gains.
Yet, investors must remain cautious of near-term volatility. As always, doing your own research (DYOR) and consulting certified financial experts is the best route forward.