Reliance Power Crashes 17% in 4 Sessions After Soaring 132% in 3 Months; Stock Hits 5% Lower Circuit

Mumbai, 17 June 2025:  Reliance Power shares hit the 5% lower circuit at ₹63.63 apiece on June 17, registering a fourth straight session of losses. The stock has now shed 17% in just four trading days, signalling a swift correction following a steep rally over the past several weeks.

On June 17, 2025, Reliance Power Ltd closed at ₹63.63, down by 5% or ₹3.35, hitting the lower circuit for the day. The stock opened at ₹66.00 and touched a high of ₹66.10 before slipping to the day’s low of ₹63.63. With a market capitalisation of ₹26,240 crore and a P/E ratio of 9.09, the stock remains significantly higher than its 52-week low of ₹25.75, though below its recent 52-week high of ₹76.49.

Stock Still Well Above 52-Week Low Despite Recent Correction

Although the recent selloff has trimmed gains, Reliance Power remains up 147% from its 52-week low of ₹25.75 touched on July 23 last year. The stock had recently scaled a 52-week high of ₹76.49 earlier in June, riding on investor optimism and high momentum.

1-Month Surge of Nearly 70% Preceded Fall

In the past month alone, Reliance Power had surged close to 70%, and over the last three months, it delivered an impressive 132% return. According to market experts, the current downturn is largely a result of investors booking profits at higher levels.

Strong Volumes, Current Valuation at PE of 9.4

As of June 17, over 2.1 crore shares of the company changed hands, indicating robust trading interest. The stock is currently trading at a price-to-earnings (P/E) ratio of 9.40, reflecting its market valuation amid the recent rally and correction.

Clean Energy Drive Spurs Recent Rally: 2.4 GW Solar + 2.5 GWh BESS in Pipeline

Part of the stock’s recent surge was driven by its strategic push into clean energy. On May 28, Reliance NU Energies, a subsidiary of Reliance Power, received a Letter of Award for a 350 MW solar project connected to the ISTS grid, coupled with a 175 MW/700 MWh battery energy storage system (BESS), from SJVN—a Navratna PSU.

The project is part of a competitive tender of 1,200 MW solar and 600 MW/2,400 MWh BESS. The auction saw participation from 19 developers, of which 18 qualified for the final stage. Reliance secured a fixed tariff of ₹3.33/kWh for a tenure of 25 years.

With this win, the company’s total renewable energy pipeline now stands at 2.4 GW Solar DC and over 2.5 GWh of BESS capacity, making it India’s largest integrated Solar + BESS developer.

Company Eyes Green Transition With Strategic Focus on Renewables

Reliance Power has reaffirmed its long-term strategy to lead in India’s energy transition. The company described the latest project win as a pivotal step in building sustainable clean energy solutions and creating enduring value for its stakeholders.

All market data is accurate as of June 17, 2025.

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