Reliance Power share price soars 18% as AI push sparks rally; stock snaps 4-day losing streak

Reliance Power share price surged around 18% to an intraday high of about Rs 24.84 on the BSE after the company announced an AI and new-age technology push through its subsidiaries, snapping a four-session losing streak. Four subsidiaries have been renamed to include AI in their names, including Reliance AI Green Power Private Limited, Reliance AI Power Private Limited, Reliance AI Data Control Private Limited and Reliance AI Data C Private Limited. The move follows weak fundamentals — the company reported a consolidated net loss of Rs 494 crore for Q4FY26 against a net profit of Rs 125.57 crore a year earlier, with total income declining to Rs 1,946.33 crore from Rs 2,065.64 crore.