The stock had soared over 60 percent in the past month, driven by strong investor sentiment following the announcement that the Anil Ambani-led company had become debt-free.

Reliance Power share price has rallied 21% in the last five trading sessions. While, the stock has given returns of 51% in past one month.

Reliance Power shares hit a 5 percent lower circuit for the third session in a row amid profit-booking, following a strong 60 perent surge last month after the company declared itself debt-free.

The Reliance Anil Dhirubhai Ambani Group stock, after adding 72% in 15 sessions between September 12 and October 3, has fallen over 14% in three days.

Reliance Power shares are currently trading above their 5-day, 50-day, 100-day, and 200-day moving averages, with a relative strength index (RSI) of 79, indicating overbought conditions. Read on further to find out about Anil Ambani's Reliance Power share price,