Shares of Reliance Power, part of Reliance Group, surged over 18 per cent amid strong buying interest from investors after the company announced a foray into artificial intelligence (AI). In a regulatory filing, the company said that it has taken enabling steps to integrate Artificial Intelligence (AI) and allied new-age technologies into its business framework. According to the information shared with the exchanges, these steps have been undertaken through its subsidiaries to participate in the rapidly evolving field of AI and technology-driven activities.
"Reliance Power Limited (“the Company”), as a step to participate in the rapidly evolving field of Artificial Intelligence (“AI”) and allied new-age technologies, has through its subsidiaries, undertaken certain enabling steps to incorporate AI and related technology-driven activities within its business framework," the filing reads.
Reliance Power share price
The stock opened in the green at Rs 25.04, up from the previous close of Rs 24.84, on the BSE. Amid a more than 6-fold spurt in trading volume, the stock touched an intraday high of Rs 29.40, a gain of 18.35 per cent from the last closing price. Last seen, the stock was trading at Rs 28.21, up Rs 3.37, or 13.61 per cent. The market cap of the company stood at Rs 11,667.01 crore.
Share price history
The stock has a 52-week high of Rs 71 and a 52-week low of Rs 20.23. It has been gaining for the last two days and has risen 19.63 per cent in the period. The stock has traded in a wide range of Rs 4.4 today.
According to BSE Analytics, the stock has delivered a 97.67 per cent return over five years. On a year-to-date (YTD) basis, it has corrected 19.26 per cent against the fall of 9.55 per cent
Reliance Power has reported a consolidated net loss of Rs 494 crore for the January-March quarter of the financial year 2025-26. The company had posted a consolidated net profit of Rs 125.57 crore in the corresponding quarter of the previous financial year, according to a regulatory filing. Total income declined to Rs 1,946.33 crore during the quarter under review from Rs 2,065.64 crore in the year-ago period.
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