Reliance Power shares continued their downward slide on August 5, hitting the lower circuit with a 5% drop to ₹45.20 apiece by 10 a.m. The stock’s fall comes on a day when Anil Ambani is scheduled to appear before the Enforcement Directorate (ED), sparking fresh concerns among investors.
“The stock hit its lower circuit limit as investor sentiment weakened following reports of Anil Ambani’s ED appearance.”
While the broader market also saw a slight dip—with the NSE Nifty 50 slipping by 0.5%—Reliance Power’s decline was far sharper and more pronounced.
Ongoing Pressure on Reliance Power Stock
This isn’t the first time the stock has faced selling pressure. Reliance Power shares have been struggling over the past few sessions, and the news of regulatory scrutiny has only added fuel to the fire. Traders and retail investors are reacting swiftly to developments around the company’s leadership and legal matters.
“The combination of market uncertainty and high-profile regulatory issues is weighing heavily on the stock,” said analysts tracking the power sector.
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Market Reacts to Leadership News
Anil Ambani’s scheduled appearance before the ED has brought fresh attention to governance and regulatory risks surrounding the group. Though the full details of the inquiry are yet to be disclosed, the market tends to react sharply to any such developments involving key business figures.
“Any headline involving regulatory authorities and corporate leaders tends to create panic, especially in volatile markets,” added a market observer.
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