Signal Desk · Markets

Reliance Power shares jump 9.22% on Thursday

2026-10-29 · 1 source · Mint Markets

In short

Reliance Power shares rose 9.22% on Thursday and were up 11.21% for the week.

Even so, the stock is still 59% below where it was a year ago. The report does not say why the shares moved.

What the reporting says

Reliance Power shares rose 9.22% on Thursday, with the weekly gain extending to 11.21%, according to a publisher-supplied summary. The stock remains 59% below its year-ago level, and analysts in the report said resistance is near ₹20–22 while ₹16 is key support. The reporting does not state a company announcement or catalyst for the rebound.

Why it matters

Reliance Power’s stock saw a sharp one-day rise on Thursday and a larger weekly gain, but it still trades far below last year’s level. The summary says analysts see ₹20–22 as resistance and ₹16 as support, suggesting the rebound may be fragile. No clear company trigger or news catalyst is stated in the available reporting.

Touches: Reliance Power, Companies, Markets

Sources