Reliance Power shares continued their impressive rally for the second consecutive day on Wednesday, July 1, soaring over 18% to their intraday high of ₹29.40 per share. According to NSE data, as of 11:51 AM, the stock was trading at ₹28.73, gaining 15.66%, demonstrating sustained investor confidence in the company's strategic pivot into artificial intelligence and technology-driven businesses. The stock has now jumped 12% over the past five trading sessions, though it remains 18% lower over the last six months and 59% down on a year-on-year basis. The latest rally comes after the company announced plans to expand into AI and technology-enabled services through its subsidiaries, with shares having hit a 52-week high of ₹70.90 on July 1, 2025, and a 52-week low of ₹20.17 on March 30, 2026. As reported by ET Now, this rally ended the stock's four-session losing streak, marking a significant turnaround in the company's recent performance.
Reliance Power has incorporated relevant objects covering artificial intelligence (AI) and technology-enabled services through its subsidiaries, marking a significant strategic shift for the company. As part of this expansion, the company has undertaken certain enabling steps through its subsidiaries to participate in the rapidly evolving field of artificial intelligence and allied new-age technologies, as announced in an exchange filing. The rebranding includes Reliance AI Green Power Private Limited and Reliance AI Power Private Limited, both focused on AI and technology-driven activities, along with Reliance AI Data Control Private Limited and Reliance AI Data C Private Limited. The company has also approved the new names of the subsidiaries to reflect their updated focus on AI and technology-driven activities, with the move aimed at incorporating AI and related technology-driven activities within its business framework.
Reliance Power reported a consolidated net loss of ₹494 crore for Q4 FY26, contrasting sharply with a consolidated net profit of ₹125.57 crore in the corresponding quarter of the previous financial year. The company's revenue from operations declined to ₹1,887.26 crore during the quarter from ₹1,978.01 crore a year earlier. For the full financial year FY26, Reliance Power posted a net loss of ₹336.89 crore, a significant decline from net profit of ₹2,947.83 crore in FY25. According to NSE data, as of July 1, 2026, Reliance Power has a total market capitalisation of ₹11,811.76 crore. The company continues to demonstrate steady performance in its core power generation business, with operational power generation capacity of nearly 6,000 MW spread across different geographies and fuel sources.
The memory chip industry is experiencing an AI-driven supercycle as surging demand for High Bandwidth Memory (HBM) drives unprecedented profitability. Micron Technology's latest financial report shows DRAM memory chip prices rose by more than 60% compared to the previous quarter, while NAND flash prices rose by over 80%. The company's revenue quadrupled year-on-year, with gross margin soaring to 84.9% from 39% a year ago, and net profit skyrocketing by 1,398% year-on-year. Samsung Electronics' operating profit for Q4 2025 grew nearly threefold year-on-year, with chip business profits surging 470% to hit a historic high.
The 18% stock surge demonstrates renewed investor confidence in Reliance Power's strategic pivot into AI and technology services amid the broader memory chip boom. According to NSE data, the company's total market capitalisation stands at ₹11,811.76 crore as of July 1, 2026. The significant price movement reflects investor optimism about the company's ability to capitalize on emerging technology opportunities in the power sector. The adoption of new subsidiary names underscores the company's intent to participate in the rapidly evolving field of AI and allied new-age technologies, with the company maintaining its position as a major player in India's power generation sector through its substantial portfolio of power generation capacity both in operation and under development. The stock has shown strong performance with 14% gains in one week, 7.5% in one month, and 29% in three months, though it has declined 17% in six months and 59% in one year.
