Anil Ambani: Following Reliance Infra’s trading suspension Reliance Power shares fell 7%
Anil Ambani: Following the trading suspension of its group firm, Reliance Infrastructure, shares of Anil Ambani’s Reliance Power fell 7% during Monday’s trading session. When Reliance Infra reached the upper circuit, investors had few choices for leaving, which led to a sell-off in related equities.
According to market observers, Reliance Power saw significant drops as a result of the abrupt stoppage, which prompted questions about investor confidence and liquidity. Over the last six months, the stock has plummeted 43%. Right now, the stock is trading at Rs. 36.03. According to several technical experts, RPower’s major support level is Rs 30, and the counter confronts short-term resistance in the Rs 36–40 range. The stock has been rising as a result of both strategic choices and litigation victories.a historic agreement with the Solar Energy Corporation of India (SECI) via its subsidiary Reliance NU Suntech, which recently inked a 25-year Power Purchase Agreement (PPA). With an investment expenditure of Rs 10,000 crore over the next two years, the deal is for a 930 MW solar power project combined with a 465 MW/1,860 MWh battery energy storage system (BESS), the biggest of its type in Asia.
In a previous court case, the Delhi High Court issued a stay on SECI’s three-year debarment decision against RPower and its subsidiaries, enabling them to continue submitting bids for government contracts. This was another significant victory for the corporation. In May 2025, RPower strengthened its financial sheet and restored market trust by raising Rs 348.15 crore via a preferential share issue, adding to its momentum. Additionally, the business released favorable Q2 results. For the September quarter of FY26, the Reliance Group firm reported a consolidated net profit of ₹87.32 crore, as opposed to a loss of ₹352 crore during the same time in the prior fiscal year.
AR Ramachandran, an independent research analyst registered with Sebi, claims that the stock is oversold on daily charts and bearish, with Rs 29.92 being the next support. Only if a daily close is above the resistance level of Rs 36.11, which might result in a short-term upside goal of Rs 44, should investors purchase.The stock has resistance around Rs 40 and support at Rs 30, according to Jigar S. Patel, Senior Manager of Technical Research at Anand Rathi. The short-term trading area is anticipated to stay between Rs 30 and Rs 43, and a breach over Rs 40 might open the door for a move towards Rs 43. almost the last five days, the ADA Group’s stock has increased by almost 11%. Reliance Power’s stock has increased by more than 925% over the last five years, from around Rs 3.60 to over Rs 37. The stock’s 52-week high is Rs 76.49, while its 52-week low is Rs 31.30. The stock has dropped over 40% in the previous six months and about 9% in the last month, despite the long-term increase.
Legal issues have already affected the equities when the Central Bureau of Investigation (CBI) filed a complaint against Anil Ambani’s son, Jai Anmol Ambani, for suspected financial irregularities that allegedly cost Union Bank of India Rs 700 crore. The company’s shares had sharply declined as a result of this occurrence. After the Delhi High Court questioned whether a suitable show-cause letter had been filed before labeling Jai Anmol Ambani’s bank account as “fraud,” the stocks subsequently rebounded. In a money laundering case involving the issuing of an alleged fraudulent bank guarantee of ₹68 crore for gaining a contract, the ED said on December 8 that it had filed a chargesheet against Reliance Power Ltd., a firm in the Anil Ambani group, and ten other individuals. According to Reliance Power, the third parties “acted bona-fidely and are victims of a fraud” against its workers and companies.
In a regulatory filing on December 6, Reliance Power said, “It is reiterated that the Company, Reliance Power Limited, its subsidiaries, and its employees acted bona fidely and are victims of a fraud, forgery, cheating, and conspiracy committed by the third parties.” Additionally, the business clarified that the Enforcement Directorate (ED) has temporarily seized assets worth Rs 10,117 crore in relation to suspected breaches of the Prevention of Money Laundering Act (PMLA). The business stressed that Reliance Communications Limited, which has not been a member of the Reliance Group since 2019, more than six years ago, is connected to a significant amount of the attachment, Rs 8,078 crore. The National Company Law Tribunal (NCLT) and its Committee of Creditors, which is headed by the State Bank of India (SBI) and a group of lenders, have oversight over Reliance Communications’ operations, which are currently run by a Resolution Professional under the Corporate Insolvency Resolution Process (CIRP). Additionally, the statement said that Anil D. Ambani has been absent from Reliance Power’s Board of Directors for more than three and a half years.