Why is Reliance Power Share Price Rising Today
Reliance Power shares surged over 18% after the company announced its entry into artificial intelligence and allied technologies through its subsidiaries. Here's what the company announced and whether the move could support its long-term growth.
Reliance Power Share Price: Reliance Power shares surged over 18% on 1 July after the company announced its entry into artificial intelligence (AI) and allied new-age technologies through its subsidiaries. The move sparked strong buying interest, extending the stock's recent momentum.
Reliance Power Share Price: Reliance Power shares saw strong buying on Wednesday after the company announced its plans to enter the artificial intelligence (AI) and new-age technology space.
The stock climbed 18.35% during early trade to ₹29.40 on NSE. Later, some profit booking trimmed the gains, with the stock trading around ₹28.98, still up 16.67% at around 11.05AM.
The rally also ended the stock's four-session losing streak, reflecting positive investor sentiment after the company's latest announcement.
As of 1 July, 12.55 PM
Why Reliance Power Shares Rose Today?
In a stock exchange filing, Reliance Power said it has taken enabling steps through its subsidiaries to participate in the rapidly growing AI and allied technology sector.
The company clarified that it has expanded the business objectives of its subsidiaries to include artificial intelligence and technology-enabled services, allowing them to undertake AI-related business activities in the future.
At this stage, the company has not announced any investment, project, partnership or revenue guidance related to AI. The filing primarily focuses on modifying the subsidiaries' business objects to support future opportunities.
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Which Subsidiaries Were Renamed?
As part of the restructuring, Reliance Power approved new names for four subsidiaries:
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Reliance AI Green Power Private Limited
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Reliance AI Power Private Limited
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Reliance AI Data Control Private Limited
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Reliance AI Data C Private Limited
The new names reflect the company's intention to build a presence in AI and technology-driven businesses.
How did Reliance Power's share perform?
Reliance Power has remained one of the more volatile stocks over the past year.
The stock has gained around 14% in one week, 7.5% in one month, and nearly 29% over the last 3 months, as of 1 July 2026, outperforming Sensex, which has risen about 5% during the same period.
Despite the recent rally, the stock remains under pressure over the longer term. It is down around 17% in the last 6 months and nearly 59% over the past one year.
Reliance Power had touched a 52-week high of ₹71 in July 2025, while its 52-week low stands at ₹20.23, recorded in March 2026.
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Conclusion: Does AI Announcement Change the Investment Story?
The announcement signals Reliance Power's intention to explore opportunities in AI and related technologies. However, investors may want to wait for more details on the company's execution plans, investments, commercial projects or revenue contribution before assessing the long-term impact.
For now, the market has reacted positively to the strategic direction, but the next few quarters will provide better clarity on how the company plans to build its AI business.