Reliance Power Share Price Target 2026: Stock Analysis, Share Price Today, Bull Case and Bear Case After Q1 FY27

Reliance Power Rs 20.49 (6 Oct 2026 close). 52-week range Rs 19.09 to Rs 50.73. Q1 FY27 profit Rs 64.71 cr; revenue Rs 1,956 cr, up 3.75%.

The Reliance Power share price target for 2026 is Rs 18 to Rs 22 in the Univest base case, with the stock at Rs 20.49 at the 6 October 2026 close. That is 59.6 percent below its 52-week high of Rs 50.73 and 7.3 percent above its 52-week low of Rs 19.09, and the stock moved down 57.8 percent over the past year. Reliance Power is an Anil Ambani-led power producer with the Sasan ultra mega power project, Rosa Power, Samalkot and renewable and newer infrastructure-linked units. Debt to equity is 0.92 and the company pays no dividend.

Three things changed since the last update: Q1 FY27 results on 6 August showed a profit after a Q4 loss, the ED attached promoter-linked shares worth Rs 762.75 crore on 13 July, and the stock hit a 52-week low of Rs 19.09 in the week of 28 September. This Reliance Power stock analysis covers the Reliance Power share price today, the Reliance Power share price target for 2026, 2027 and 2030, the Q1 FY27 numbers, catalysts and risks, key price levels and a Reliance Power buy or sell view.

Click Here – Get Free Investment Predictions

What Is the Reliance Power Share Price Target for 2026?

The 2026 target for Reliance Power shares is Rs 18 to Rs 22 in the Univest base case, which is -12.2% to +7.4% against the last close. The bull case is Rs 27 to Rs 32 and the bear case is Rs 11 to Rs 14. No brokerage price target was available on the sources we track as of 6 October 2026, so every range below is a Univest research scenario. Analyst consensus is used as a cross-check, not as the base.

Reliance Power Share Price Target Scenarios: Bull Case, Base Case and Bear Case

Scenario	FY28E Book Value	Target Multiple	Price Target (Rs)	Move vs Rs 20.49
Bull Case	Rs 36	0.75x to 0.9x	27 to 32	+31.8% to +56.2%
Base Case	Rs 36	0.5x to 0.62x	18 to 22	-12.2% to +7.4%
Bear Case	Rs 36	0.3x to 0.38x	11 to 14	-46.3% to -31.7%

Book value of Rs 36 per share in the base case compares with Rs 35.30 now. Trailing earnings are negative, so the ranges use price to book. The stock trades at 0.58 times book, and the base case assumes a 38 to 50 percent discount persists because of subsidiary defaults and regulatory probes. The PE multiple does not apply because trailing earnings are negative, so the table uses price to book in place of an EPS estimate, and the book value is a Univest assumption, not company guidance. Those assumptions set the Reliance Power share price target range around the current price.

Reliance Power Company Overview and Share Price Today as of 6 October 2026

Reliance Power share price today is Rs 20.49 on the NSE at the 6 October 2026 close, before the market opens on 7 October. The market capitalisation is Rs 8,470 crore, and the stock has no PE because trailing earnings are negative, against an industry average of 22.3 times. The Univest base case Reliance Power share price target of Rs 18 to Rs 22 is -12.2% to +7.4% from here. The table below sets out the key numbers behind the Reliance Power share price target.

Parameter	Value	Context
NSE Ticker	RPOWER	BSE code 532939
Sector	Power generation	Per Univest sector classification
Last Close (NSE)	Rs 20.49	6 Oct 2026 close
52-Week High	Rs 50.73	CMP is 59.6% below
52-Week Low	Rs 19.09	CMP is 7.3% above
1-Year Return	About -58%	Weekly close Rs 48.58 on 10 Oct 2025 to Rs 20.49
Market Capitalisation	Rs 8,470 crore	Small cap power producer
Trailing P/E	Not applicable (loss)	Industry P/E about 22.31x
P/B Ratio	About 0.58x	Book value Rs 35.30 per share
EPS (TTM)	Rs -0.77	Trailing twelve months
Return on Equity	About -0.9%	Debt to equity 0.92
Dividend Yield	Nil	No dividend
12-Month Target (Base Case)	Rs 18 to Rs 22	Univest base case
Bull Case	Rs 27 to Rs 32	+31.8% to +56.2%
Bear Case	Rs 11 to Rs 14	-46.3% to -31.7%

Track live price, fundamentals and results for Reliance Power on the Univest Screener.

How Did Reliance Power Perform in Q1 FY27?

Reliance Power reported Q1 FY27 consolidated profit of Rs 64.71 crore, up from Rs 44.68 crore, on revenue from operations of Rs 1,956.32 crore, up 3.75 percent. Total income was Rs 2,103.75 crore. Together these Q1 FY27 numbers anchor the Reliance Power share price target.

Metric	Q1 FY27	Context
Consolidated Profit	Rs 64.71 crore	Against Rs 44.68 crore a year ago
Revenue from Operations	Rs 1,956.32 crore	Up 3.75% YoY
Profit Before Exceptional Items	About Rs 116 crore	Before tax
EBITDA Margin	About 28.75%	Slightly lower YoY
Standalone Profit	Rs 3.2 crore	Parent company only
Q4 FY26 Result	Loss of about Rs 494 crore	Previous quarter

The auditors flagged a material uncertainty. Subsidiary Rajasthan Sun Technique Energy defaulted on Rs 2,296 crore of borrowings and Samalkot Power on Rs 1,842 crore, corporate guarantees have been invoked, and ED and CBI investigations are ongoing. The ED also attached receivables from Sasan Power and Reliance CleanGen. The FY27 outlook from management is the main input for these estimates. These numbers sit behind every range in the scenario table above, so they anchor the Reliance Power share price target.

Why Is Reliance Power Share Price Down 60 Percent From Its High?

Reliance Power shares are about 60 percent below the Rs 50.73 high of the week of 6 October 2025. The stock fell 15.6 percent in the week of 3 November on 32.6 crore shares and kept making lower weekly closes through the winter.

It jumped 13.8 percent in the week of 13 April and spiked on 54 crore shares in the week of 29 June, but gains faded after the ED attached promoter-linked shares on 13 July. It hit Rs 19.09 in the week of 28 September and closed at Rs 20.49. The Reliance Power share price target scenarios below account for that move.

Key Catalysts for the Reliance Power Share Price Target in 2026

4 catalysts matter most for the Reliance Power share price target, and sector tailwinds in Power generation are part of the case. Together they decide whether the base case is reached.

1. Sasan Power

Sasan is a large ultra mega power plant with long-term supply contracts. Steady generation supports group cash flow. If it plays out, the Reliance Power share price target moves toward the top of the base range.

2. Profit Recovery

The group moved from a Q4 loss of about Rs 494 crore to a Q1 profit of Rs 64.71 crore. Another profit quarter would help sentiment. Strength here would support the upper end of the Reliance Power share price target.

3. Operating Margin

EBITDA margin is near 28.75 percent. Strong plant margins support profit when defaults are contained. Delivery on this point keeps the Reliance Power share price target on track.

4. Book Value Discount

The stock trades at 0.58 times book value. Resolution of defaults could narrow the gap. Better news here would lift the Reliance Power share price target toward the bull case.

What Are the Key Risks to the Reliance Power Share Price Target?

The main risks are subsidiary defaults, regulatory probes, debt and a thin standalone profit. Each can pull the Reliance Power share price target lower.

Subsidiary Defaults

Two subsidiaries have defaulted on borrowings of Rs 2,296 crore and Rs 1,842 crore. Guarantee invocations could reach the parent. If it materialises, the Reliance Power share price target would slip toward the bear case.

Regulatory Probes

The ED and CBI are investigating and the ED has attached assets. These are probes and attachments, not court findings. This is the main downside risk to the Reliance Power share price target.

Thin Standalone Profit

Standalone profit was only Rs 3.2 crore. The parent depends on subsidiaries. A worsening here would cut the Reliance Power share price target toward the low end of the range.

Book Value Discount

A bear case of Rs 36 book value at 0.30 times would put the price near Rs 11. Watch it closely, because it can pull the Reliance Power share price target lower quickly.

Reliance Power Stock Analysis: Support and Resistance Levels for the Share Price Target

Reliance Power stock analysis on weekly charts shows a range of Rs 19.09 to Rs 21.82 since mid-September, with the stock near the upper end.

The first support level is Rs 19.44, the low of the week of 5 October. Below that, Rs 19.09 is the 52-week low of the week of 28 September and Rs 20.29 to Rs 20.51 marks the lows of the weeks of 21 and 14 September.

The first resistance level is Rs 21.05, the high of the week of 5 October. Above that, Rs 21.74 to Rs 21.82 marks the highs of the weeks of 14 and 21 September and Rs 22.90 is the high of the week of 7 September. These levels come from weekly price action, are not trade recommendations, and frame the near-term Reliance Power share price target.

Reliance Power Share Price Target 2026, 2027 and 2030: Short, Medium and Long Term

Short-Term Reliance Power Share Price Target (3 to 6 Months)

In the near term the stock is likely to trade between Rs 19.50 and Rs 21.80. A close above Rs 21.80 would put Rs 22.90 in play, while a weekly close under Rs 19.44 would open a fresh 52-week low. The Q2 FY27 results and regulatory news are the main triggers. This range anchors the near-term Reliance Power share price target.

12-Month and 2027 Reliance Power Share Price Target

The 12-month target price is Rs 18 to Rs 22, valued on 0.5 to 0.62 times FY28 book value of Rs 36. The range across scenarios runs from Rs 11 in the bear case to Rs 32 in the bull case.

Long-Term Reliance Power Share Price Target for FY29 to 2030

For FY29 to 2030 the Univest scenario range is Rs 19 to Rs 28. This assumes book value of Rs 38 in FY29 and Rs 40 in FY30 and a multiple of 0.5 to 0.7 times. It needs subsidiary defaults to be resolved, regulatory probes to clear and generation profit to stay positive. This is the long-term Reliance Power share price target in the Univest scenarios.

Bull Case and Bear Case for Reliance Power Share Price Target

Bull Case Rs 27 to Rs 32

The bull case of Rs 27 to Rs 32 for the Reliance Power share price target needs book value of Rs 36 and the market to pay 0.75 to 0.9 times for it. It is +31.8% to +56.2% from the last close.

Bear Case Rs 11 to Rs 14

The bear case of Rs 11 to Rs 14 for the Reliance Power share price target equals 0.3 to 0.38 times FY28 book value of Rs 36 and sits below the Rs 19.09 low. It is -46.3% to -31.7% from the last close.

Is Reliance Power a Good Buy at Rs 20.49? Reliance Power Buy or Sell View

Whether Reliance Power is a buy at Rs 20.49 depends on horizon and risk appetite. The base case sits between 12 percent below and 7 percent above the current price, the stock is 60 percent below its high, and the open question is the subsidiary defaults. The Reliance Power share price target range is the starting point for that decision.

Long-term holders may focus on subsidiary defaults, regulatory outcomes and profit, and treat Rs 19.09 as the level to watch. Short-term traders may prefer to wait for a close above Rs 21.80. Check institutional holding in the September quarter filing for signs of accumulation or selling. Consult a SEBI-registered advisor before acting, since this Reliance Power buy or sell view is educational.

How to Invest in Reliance Power Shares

Step 1: Check the live price, valuation and the latest Reliance Power share price target range on the Univest Screener.

Step 2: Open a demat and trading account with a SEBI-registered broker such as Univest before acting on any Reliance Power share price target.

Step 3: Search for RPOWER on the NSE or 532939 on the BSE in your trading app.

Step 4: Place a limit order near your planned entry and size the position so a fall to Rs 11 is bearable.

Step 5: Track subsidiary defaults, regulatory updates and Q2 FY27 results and set price alerts on the Univest App to follow any change in the Reliance Power share price target.

Conclusion

Reliance Power closed at Rs 20.49 against a Univest base case share price target of Rs 18 to Rs 22, a bull case of Rs 27 to Rs 32 and a bear case of Rs 11 to Rs 14. Q1 FY27 delivered a profit of Rs 64.71 crore after a Q4 loss, but the auditors flagged subsidiary defaults and probes. The main risks are defaults, regulatory action and thin standalone profit.

The stock is 59.6 percent below its 52-week high, so the base case sits between 12 percent below and 7 percent above the current price. The triggers to watch are subsidiary defaults, regulatory updates and Q2 FY27 results and the Rs 19.44 and Rs 21.80 levels. Re-check the Reliance Power share price target after each quarterly result. Investors with a long horizon and tolerance for volatility can track these triggers, while others may prefer to size positions carefully.

Download the Univest iOS App or Univest Android App to track Reliance Power live price and get daily stock recommendations.

FAQs on Reliance Power Share Price Target 2026

What is the Reliance Power share price target for 2026?

Ans. The Reliance Power share price target for 2026 is Rs 18 to Rs 22 in the Univest base case, with a bull case of Rs 27 to Rs 32 and a bear case of Rs 11 to Rs 14. No brokerage target was available on the sources we track as of 6 October 2026, so these are Univest research scenarios. These are estimates and can change after the Q2 FY27 results.

What is the Reliance Power share price target for 2027?

Ans. The Reliance Power share price target for 2027 is Rs 18 to Rs 22 in the base case, valued on 0.5 to 0.62 times FY28 book value of Rs 36. The scenario range runs from Rs 11 to Rs 32.

Is Reliance Power a good buy at Rs 20.49?

Ans. Whether Reliance Power is a good buy at Rs 20.49 depends on your horizon, risk appetite and how you read the Reliance Power share price target. The stock trades below book value and returned to profit, but subsidiary defaults and regulatory probes make it high risk. Consult a SEBI-registered advisor before investing.

What are the key risks to the Reliance Power share price target?

Ans. The key risks to the Reliance Power share price target are subsidiary defaults, regulatory probes, thin standalone profit and book value discount. Two subsidiaries have defaulted on borrowings of Rs 2,296 crore and Rs 1,842 crore. Guarantee invocations could reach the parent.

What are the key catalysts for the Reliance Power share price target?

Ans. The key catalysts for the Reliance Power share price target are sasan power, profit recovery, operating margin and book value discount. Sasan is a large ultra mega power plant with long-term supply contracts. Steady generation supports group cash flow.

Where can I track Reliance Power share price today and Reliance Power share price target updates?

Ans. You can track the live Reliance Power share price, results and any change to the Reliance Power share price target on the Univest Screener and the Univest App. Download the Univest iOS App or Univest Android App for research from SEBI-registered analysts.

What are Reliance Power's 52-week high and low?

Ans. Reliance Power's 52-week high is Rs 50.73 and its 52-week low is Rs 19.09, based on weekly NSE data. At Rs 20.49 the stock is 59.6 percent below the high and 7.3 percent above the low. Both levels frame the Reliance Power share price target.

How to buy Reliance Power shares?

Ans. Open a demat account with a SEBI-registered broker such as Univest, search for RPOWER on the NSE or 532939 on the BSE, and place a limit order near your entry price, using the Reliance Power share price target range as a guide. Size the position so a fall to Rs 11 is bearable, and check the live price on the Univest Screener first.