Reliance Power shares down 15% in a month as ED probe drags. Can the stock reclaim Rs 70 amid volatility?

Reliance Power has dropped 15% in a month, hitting lower circuits after ED raids linked to a Yes Bank loan probe hurt sentiment.

Analysts cite weakening momentum and key support at Rs 54; upside possible only if Rs 66.70 is reclaimed with volume.

Company returned to profit in Q1FY26; improved EBITDA margin and Rs 5,300 crore debt reduction bolster long-term prospects.

ED probe weighs on Anil Ambani group firms, though Reliance Power denies any operational or financial link to the case.