Reliance Power extends winning streak for second day, stock rallies 18% on Wednesday; here’s why

Reliance Power shares continue to rally for the second consecutive day on Wednesday, July 1, with the stock soaring over 18% to its intraday high of ₹29.40 apiece.

At 11:51 AM, Reliance Power shares were trading at ₹28.73 apiece on the National Stock Exchange, gaining 15.66%.

The company this week said it has forayed into the artificial intelligence (AI) space. Reliance Power that it undertook “certain enabling steps” to incorporate AI and related technology-driven activities within its business framework through its subsidiaries.

“We wish to inform that 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 firm had said in a regulatory filing.

Reliance Power has incorporated “relevant objects” covering the AI and technology-enabled services, including adopting new names for its subsidiaries, it said.

The new names of the 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.

Reliance Power share price

Over the past five trading sessions, shares of the company have jumped 12%, while they have tanked 18% in the last six months. On a year-on-year basis, Reliance Power shares have tumbled 59%.

Shares of the firm had hit a 52-week high of ₹70.90 on July 1, 2025, and a 52-week low of ₹20.17 on March 30, 2026.

Reliance Power Q4 earnings

The firm reported a consolidated net loss of ₹494 crore in the fourth quarter of the 2025-26 financial year (Q4 FY26), compared with a profit of ₹125.57 crore in the corresponding quarter of the preceding year.

Its revenue from operations declined % year-on-year (YoY) to ₹1,887.26 crore during the quarter under review, as against ₹1,978.01 crore in the January-March quarter of the 2024-25 fiscal year (Q4 FY25).

According to NSE data, as of July 1, 2026, Reliance Power has a total market capitalisation of ₹11,811.76 crore.