Reliance Power: On the first day of 2026 stock increased despite the flat trading in Indian markets
Reliance Power: Even though the wider markets continued to be turbulent, Reliance Power shares were trading slightly higher at ₹34.97 on the first day of 2026, up 0.34% from the previous close of ₹34.85. Amid conflicting signals, the Nifty fell below 26,150 to 26,131, while the Sensex fell 30 points to 85,190, indicating cautious market mood. Longer term, nevertheless, the stock has produced multibagger returns of 846% over the last five years, a 48% increase in two years, and a 125% leap in three years. The Enforcement Directorate’s (ED) action against the corporation and its subsidiaries has caused the shares to plummet by about 50% in the last six months. In response to the events, the corporation said that its workers and subsidiaries performed honestly and claimed that they were the victims of alleged fraud, forgery, deception, and conspiracy by outside parties.
Technically speaking, experts note that ₹30 is still a critical support level and that the stock is now up against resistance in the ₹36–40 region. According to experts, the counter is oversold on daily charts but bearish, with ₹29.92 marking the next support. A persistent daily close over ₹36.11 can lead to a brief increase to ₹44. The stock has solid support at ₹30 and resistance at ₹40, according to Jigar S. Patel, Senior Manager – Technical Research at Anand Rathi. He said that a breakthrough over ₹40 might pave the way for a rise towards ₹43, with the short-term trading range anticipated to be between ₹30 and ₹43.
On the basis of fundamentals, the Reliance Group firm reversed a loss of ₹352 crore in the same period last year by reporting a consolidated net profit of ₹87.32 crore in Q2FY26. In Q2FY25, consolidated revenue from operations was ₹1,759.81 crore, however it increased 12.17% year over year to ₹1,974.03 crore. EBITDA increased 64% year over year to ₹618 crore from ₹376 crore in the same period last year. The business emphasized that its debt servicing of ₹634 crore during the quarter demonstrated its ongoing commitment on debt reduction, and that its debt-to-equity ratio of 0.87 continues to be among the lowest in the industry. During the quarter, net value was ₹16,516 crore. Although the underlying technical and fundamental indicators are still cautious, Reliance Power’s large volume trading activity on January 1, 2026, indicates strong market interest.