Synopsis: Reliance Power shares surged 21% in two trading sessions after the company announced a strategic foray into artificial intelligence through its subsidiaries. The rally was further supported by strong technical indicators, healthy momentum, and a sharp rise in trading volumes.
The shares of this company are engaged in developing, constructing, and operating power projects both in India and internationally are in the spotlight after it rose by 21 per cent in last two trading sessions following a strategic move into the rapidly growing field of Artificial Intelligence (AI) and allied technology-driven businesses.
With a market capitalisation of Rs. 11,476 cr, the shares of Reliance Power Ltd were trading at Rs. 28.47 per share, surging 18% in today’s session, making a high of Rs. 29.40, up from its previous close of Rs. 24.84 per share. The stock surged 21% over the last two trading sessions, rising from yesterday’s opening price of Rs. 24.21 per share to today’s intraday high.
Reason for the surge
Reliance Power Ltd has announced a strategic move into the rapidly growing field of Artificial Intelligence (AI) and allied technology-driven businesses. Through its subsidiaries, the company has taken enabling steps to incorporate AI-related activities into its business framework, signaling its intent to diversify beyond its traditional power generation business.
As part of this initiative, Reliance Power has updated the objectives of its subsidiaries and adopted new names that reflect their AI focus. The renamed subsidiaries are Reliance AI Green Power Private Limited, Reliance AI Power Private Limited, Reliance AI Data Control Private Limited, and Reliance AI Data C Private Limited. The company stated that these changes are aimed at supporting future opportunities in AI and technology-enabled services.
The announcement primarily represents a corporate restructuring and strategic positioning rather than the launch of a specific AI product or project. By aligning its subsidiaries with AI-related business objectives, Reliance Power is preparing to participate in emerging opportunities across artificial intelligence, data infrastructure, and technology-driven services.
Technical View
Reliance Power continues to exhibit a strong technical setup, with the stock trading comfortably above its 50-day Exponential Moving Average (EMA), indicating that the medium-term trend remains bullish. The Relative Strength Index (RSI) is currently hovering in the 55–60 range, reflecting healthy buying momentum while remaining well below the 70 level, suggesting the stock has not yet entered overbought territory and may still have room for further upside.
Additionally, trading activity has picked up significantly, with volumes surging to around 18 million shares, compared to the average daily volume of approximately 4 million shares. The sharp increase in volume indicates strong investor participation and reinforces the positive price momentum behind the recent rally.
Reliance Power Ltd is an Indian power generation company engaged in the development, construction, and operation of power projects across thermal, solar, hydro, and renewable energy segments. The company focuses on expanding its clean energy portfolio while also operating conventional power assets to support India’s growing electricity demand.
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