Shares of Anil Dhirubhai Ambani Group (ADAG) company Reliance Infrastructure (RInfra) hit an over two-year high of Rs 105.90, up 5 per cent on the BSE in intra-day trade on Friday. The stock of the electric utility company was quoting at its highest level since May 30, 2019, and crossed the Rs 100-mark after a gap of over two years.
In the past one month, the stock of RInfra has rallied 105 per cent, as compared to a 1 per cent decline in the S&P BSE Sensex. In the last two months, it has zoomed 221 per cent as against a 9 per cent rise in the benchmark index. The stock had hit an all-time low of Rs 8.65 in March 2020 and a record high of Rs 2,632 in January 2008.
