Rajat Bose of rajatkbose.com told CNBC-TV18, "Reliance Power is in an intermediate uptrend, so I would suggest holding it with a stoploss below Rs 43. One should switch to power distribution companies or power trading companies."
At 15:04 hrs Reliance Power was quoting at Rs 47.30, down Rs 0.70, or 1.46 percent on the BSE.
The share touched its 52-week high Rs 56.45 and 52-week low Rs 38.20 on 26 July, 2016 and 24 November, 2016, respectively.
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