Shares of Reliance Infrastructure hit a five-year high of Rs 260.80, as they rallied 10 per cent on the BSE in Monday’s intraday trade, on the back of heavy volumes. In the past three trading days, the stock has zoomed 41 per cent as the company signed a settlement agreement with ICICI Bank. The shares were quoting at their highest level since June 2019.
At 12:01 pm, Reliance Infrastructure was trading 8 per cent higher at Rs 256.40, compared to 0.16 per cent decline in the S&P BSE Sensex. The average trading volumes on the counter nearly doubled with a combined 13.53 million equity shares, representing 3.4 per cent of total equity of Reliance Infrastructure, changing hands on the NSE and BSE till the time of writing of this report.
