RPOWER.NS Stock Today: Delhi HC Fraud-Tag Reversal Puts Reliance Power in Focus — December 22
The Delhi High Court’s ruling easing a bank’s fraud tag has put the rpower share and its group peer in the spotlight today. We track RPOWER.NS and RELINFRA.NS as sentiment resets after the legal boost. The court set aside Union Bank of India’s classification of a Jai Anmol Ambani-linked firm as fraud due to improper notice, while allowing a fresh show-cause. For investors, this removes an overhang but keeps regulatory risk alive. We break down rpower share price action, technicals, valuation cues, and what to watch next.
Delhi HC order: implications for investors
The High Court quashed Union Bank of India’s decision to classify an Anmol Ambani-linked company account as fraud on procedural grounds, saying proper notice was not given. This eases headline pressure for related counters, including the rpower share, near term. Read the court development here: Delhi High Court quashes Union Bank decision.
Crucially, the bench allowed the lender to issue a fresh show-cause, so uncertainty is not fully gone. Investors should treat the Delhi HC fraud order as sentiment-positive but conditional, with process risks still present. A second report confirms the set-aside and next steps: Delhi HC sets aside bank’s decision. Position sizing matters until clarity emerges on any renewed bank action and company response.
RPOWER: price, trend, and key levels
The rpower share price trades at ₹35.28, down 8.51% today. It opened at ₹38.30, hit a low of ₹35.00 and a high of ₹38.31. Turnover is heavy at 8.80 crore shares versus a 2.02 crore average, signaling event-driven activity. The 52-week range is ₹31.27 to ₹76.49. Near term, the rpower share sits below its 50-DMA ₹40.56 and 200-DMA ₹47.55, keeping rallies constrained unless volumes sustain.
RSI is 30.99, near oversold, while MACD (-2.08) below signal (-1.80) and a negative histogram (-0.28) confirm weak momentum. ADX at 25.41 shows a firm trend lower. Volatility is elevated with ATR at 1.64. Bollinger bands span ₹33.12 to ₹42.19 (mid ₹37.65), and Keltner lower band at ₹34.14 is nearby. With P/E near 59.8 and price-to-book around 0.97, sentiment shifts will likely drive the next move more than valuation alone.
Reliance Infra: snapshot and valuation cues
Reliance Infra stock is at ₹173.20 (flat), with a ₹168.00–₹173.20 range today. RSI reads 35.06 and ADX is 41.47, indicating a strong prevailing trend after recent declines. ATR at 9.07 points to high volatility, while MFI at 27.81 shows light inflows. It trades below the 50-DMA ₹183.67 and well under the 200-DMA ₹268.41, so sustained strength needs fresh catalysts and broader group sentiment support.
At a P/E of 2.47 and P/B of 0.41, valuation looks inexpensive versus history, but liquidity is tight with a current ratio of 0.27. Debt-to-equity of 0.34 and interest coverage of 2.67 suggest manageable leverage but limited cushion if cash flows soften. Net profit margin near 14% supports the case for a recovery, yet headline risk tied to group developments may dominate short-term price discovery.
What to watch over the coming weeks
Watch for any fresh show-cause from Union Bank and disclosures from the involved company. Exchange filings, responses, and any interim court directions will drive sentiment. For traders in the rpower share, liquidity remains ample, which can cut both ways during news bursts. Macro power sector updates, coal and fuel cost trends, and state-level payment cycles can also sway cash flow expectations and near-term positioning.
For RPOWER, supports sit near ₹35.00 and the Bollinger lower band at ₹33.12, with resistance around ₹37.65 (band mid) and ₹40.56 (50-DMA). A close back above ₹40.56 could ease pressure on the rpower share. For RELINFRA, watch ₹157–₹160 as the band mid area and ₹183.67 as the first resistance; downside attention stays on ₹168 and then ₹157 if volatility expands.
Final Thoughts
The Delhi HC relief removes a legal tag for now and improves sentiment across Ambani group counters, but the option of a fresh notice means risk remains. For the rpower share, today’s drop and near-oversold RSI show stress, yet strong volumes can set up swift mean reversion if headlines stay benign. RELINFRA looks inexpensive on P/E and P/B, but liquidity metrics argue for discipline. Our take: focus on levels, wait for confirmatory closes above moving averages, and react to verified disclosures. Use stop-losses, right position size, and avoid chasing gaps in this news-driven tape.
FAQs
A Delhi High Court ruling set aside Union Bank of India’s decision to label a firm linked to Jai Anmol Ambani as “fraud” due to lack of proper notice. This eases a legal overhang tied to group entities and improves near-term sentiment. However, the court allowed the bank to issue a fresh show-cause notice, so procedural and regulatory risk persists. That mix of relief and uncertainty is why investors are closely watching price and volume in Reliance Power today.
The rpower share price fell to ₹35.28, with RSI at 30.99 suggesting near-oversold conditions. Resistance sits near ₹37.65 and ₹40.56 (50-DMA). If news flow stays calm and volumes persist, a rebound toward the mid-band is possible. But MACD remains negative and ADX signals a firm downtrend, so confirmation via strong closes is key. The court allowed a fresh show-cause, keeping headline risk alive. Traders should manage risk and avoid oversized positions.
It removes one immediate legal tag and improves group sentiment, which can stabilize Reliance Infra stock in the short term. Price is ₹173.20, with RSI at 35.06 and ATR at 9.07, indicating choppy trading. Valuation is inexpensive with a P/E of 2.47 and P/B of 0.41, but the current ratio near 0.27 highlights tight liquidity. Any fresh show-cause by the bank, or company disclosures, could quickly change direction, so watch official filings and volumes.
For RPOWER, watch ₹35.00, ₹33.12 (Bollinger lower), and ₹34.14 (Keltner lower) as supports, with ₹37.65 and ₹40.56 (50-DMA) as resistance. For RELINFRA, ₹168 and ₹157 are key downside zones, while ₹173.20, ₹183.67 (50-DMA), and ₹188–₹190 near the Bollinger upper band are reference points. These levels help plan entries, exits, and stop-losses. Adjust for news flow around the Delhi HC process, which can trigger gaps and fast moves in both names.
Disclaimer:
The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.
