Reliance Power shares crash 5% as ED seizes ₹2,033 crore assets in FEMA case against Anil Ambani firm - What's next?
ED moved higher.
· LiveMint Markets
Reliance Power shares fell 4% after the Enforcement Directorate seized assets worth ₹2,032.81 crore under a FEMA investigation. The agency alleges funds raised overseas were routed through foreign entities and supported by fabricated documents.
The analysis
ED reported ₹2,033 crore, with movement of 5% and 4% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is -5.6% on the day at ₹17.91, and has returned -23.2% over three months. It sits 62% below its 52-week high, which means a good deal of bad news was already in the price. The power sector has moved -13.2% over the same period, so Reliance Power is running 10.0 points behind its peers.
For Reliance Power, the question is how much of this is already reflected in the price and how much re-rates the power peer set alongside it.
Why it matters
- With ED involved, this carries a regulatory dimension that can outlast the immediate market reaction.
Market context
- In focus: Reliance Power (RPOWER), in Power.
- Over three months: Reliance Power -23.2% against Power -13.2% (10.0 points behind).
- At least 25% below the 52-week high: Reliance Power (62%).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Reliance PowerRPOWER · Power | ₹17.91 | -5.6% | -9.0% | -23.2% | -61.5% | 1.7× | — |
Power
1M -6.9% · 3M -13.2%
Reliance Power
Prices as of 30 Oct 2026, 16:10 IST. Sector moves are the average of the stocks we track in each sector.
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