Reliance Infrastructure nears 2-year high; stock zooms 103% in a month
Shares of Anil Dhirubhai Ambani Group (ADAG) company, Reliance Infrastructure (RInfra) were locked in 10 per cent upper circuit at Rs 68.20 on the BSE on Thursday on the back of heavy volumes.
The stock of the electric utilities company was trading at its highest level since June 2019. It was trading higher for the fifth straight day. Till 01:18 pm, a combined 14.2 million equity shares had changed hands and there were pending buy orders for 1.55 million shares on the NSE and BSE. It had hit an all-time low of Rs 8.65 in March 2020 and a record high of Rs 2,632 in January 2008.
In the past one month, the stock has gained 103 per cent from the level of Rs 33.55, as compared to 4.5 per cent rise in the S&P BSE Sensex.
