Reliance Power Stock Update: Shares Jump 3% on Strong Q1 Results
Reliance Power (RPOWER) share price jumps +3.05% to ₹24.98, driven by robust Q1 FY26-27 results showing year-on-year growth in revenue and profit.
Reliance Power (RPOWER) is witnessing a robust rally in Friday's intraday trade, with the stock currently trading at ₹24.98, marking a significant gain of +3.05%. The equity opened higher at ₹24.42, building on its previous close of ₹24.24, and has since climbed to an intraday high of ₹25.30. While it touched an intraday low of ₹24.24, mirroring its previous close, the stock has maintained upward momentum. Trading activity is brisk, with a notable volume of 22,819,098 shares exchanged so far, indicating strong investor interest driving today's price action.
| RPOWER – Stock Updates as of (9:40AM, 07 Aug 2026) | |||
|
LTP
₹24.98 |
Open
₹24.42 |
High
₹25.30 |
Low
₹24.24 |
|
52W High
₹0.00 |
52W Low
₹0.00 |
Volume
22,819,098 |
% Chg
+3.05% |
Reliance Power Eyes Further Recovery
Today's upward movement places Reliance Power well above its 52-week low of ₹20.17, reflecting a positive shift from its annual floor. However, the stock still trades considerably below its 52-week high of ₹50.85. The current surge is not yet testing any immediate key annual resistance levels but signals renewed confidence and a potential for further recovery within its broader annual range. Stocks To Buy or Sell Today, August 7, 2026: Apollo Tyres, LIC and Britannia Industries Among Shares That May Remain in Focus on Friday.
Reliance Power Shares Jump After Results
The primary catalyst for today's surge appears to be the announcement of Reliance Power's unaudited financial results for the quarter ended June 30, 2026 (Q1 FY26-27), following a board meeting held yesterday, August 6, 2026. The company reported a Q1 revenue of ₹19.5 billion, EBITDA of ₹5.62 billion, and a net profit of ₹647 million, demonstrating year-on-year growth in both revenue and profit. This positive earnings report, released after market hours yesterday, has clearly resonated with investors, leading to a strong opening and sustained buying interest today.
Beyond the specific company announcement, the broader power sector in India is experiencing a dynamic period. Recent data shows India's coal-fired power generation hitting a record high in July, primarily due to a weak and uneven monsoon impacting hydropower output and boosting cooling demand across the country. Furthermore, the government has reported comfortable domestic coal supply for the power sector in July, with stocks sufficient for approximately 62 days of consumption, supported by robust growth in production and dispatch. While these are general sector trends, they contribute to a supportive environment for power generation companies like Reliance Power. The company has also been in the news for its strategic transformation plan focusing on clean energy, including solar capacity and battery energy storage systems, and has significantly reduced its standalone net debt. Life Insurance Corporation of India Stock Update: LICI Jumps 1.7% on Strong Q1 Profit.
Investors will be closely watching for further details and management commentary following the Q1 results, as well as any updates on the company's debt reduction efforts and renewable energy expansion plans. The sustained volume today suggests conviction, and the stock's ability to hold above current levels will be key for further upward movement in the session.
Disclaimer: The information provided in this article is based on news reports and is not intended as investment advice. Investing in stocks involves risk. LatestLY advises its readers to consult with a financial advisor before making any investment decisions.
(The above story first appeared on LatestLY on Aug 07, 2026 09:38 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
