Reliance Power's Stock Performance Underwhelming, Receives 'Sell' Call from MarketsMOJO

Reliance Power, a midcap company in the power generation and distribution industry, has been in the news recently due to its stock performance. According to MarketsMOJO, the stock has been given a 'Sell' call, with a loss of -4.98% on the day of opening. This underperformance is -3.02% compared to the sector.

The stock has been on a downward trend for the past two days, with a consecutive fall of -9.73% in returns. Today, the stock opened with a gap down of -4.98%, touching an intraday low of Rs 48.43. Interestingly, the stock has not seen much range in its trading, opening and trading at the same price of Rs 48.43.

In terms of moving averages, the stock is currently higher than the 20-day, 50-day, 100-day, and 200-day moving averages. However, it is lower than the 5-day moving average.

In comparison to the Sensex, Reliance Power's 1-day performance is -4.98%, while the Sensex has seen a positive performance of 0.28%. Over the past month, Reliance Power has seen a significant increase of 60.47%, while the Sensex has only seen a 0.91% increase.

Overall, Reliance Power's stock performance has been underwhelming, with a 'Sell' call from MarketsMOJO. Investors should keep an eye on the stock's performance and consider all factors before making any investment decisions.