Reliance Power shares soar 10%, snap 4-day losing streak. What’s triggering the sharp surge?

Reliance Power shares surged 10 percent to an intraday high of Rs 27.36 on the BSE after the company announced steps to venture into the AI and new-age technology space through its subsidiaries, which have been renamed to reflect the move. However, the company reported a consolidated net loss of Rs 494 crore in Q4 FY26, compared with a net profit of Rs 125.57 crore a year earlier, while FY26 posted a net loss of Rs 336.89 crore against a profit of Rs 2,947.83 crore in FY25. The stock is down 22 percent year-to-date and over 60 percent in the last one year.