Reliance Infrastructure Share Price: Shares of Reliance Infrastructure, a part of the Anil Dhirubhai Ambani Group (ADAG), hit a new 52-week high after a significant win by Mumbai Metro One Pvt Ltd (MMOPL), a subsidiary of Anil Ambani's Reliance Infrastructure. The Mumbai High Court has asked the Mumbai Metropolitan Region Development Authority (MMRDA) to deposit the arbitration award of Rs 1,169 crore with the court registry in connection with its dispute with the MMOPL. After this development, the stock of Reliance Infrastructure gained 4.10 per cent to touch the new 52-week high of Rs 421. The 52-week low of the counter is Rs 169.75. The market cap of the company is Rs 16,092 crore.
The stock started today's session at Rs 408 against the previous close of 404.40 on the BSE. According to BSE Analytics, the stock has been gaining for the last four days and has gained around 6.77 per cent in this period.
Technically, Reliance Infra trades higher than the 5-day, 20-day, 50-day, 100-day and 200-day moving averages.
Reliance Infra Signs Agreement With Germany's Diehl
The other key factor behind this surge in the stock is that Reliance Infra has entered into a strategic cooperation agreement with German arms manufacturer Diehl Defence to produce next-generation terminal guided munitions (artillery shells).
Reliance Power Share In Action Too
Reliance Power's stock started today's session at Rs 73.10 on the BSE against the previous close of Rs 71.17. The scrip gained further to touch the high of Rs 76.49 - a gain of 12.70 per cent from the closing price of the last trading session. This is also the new 52-week high of the stock. The 52-week low is Rs 25.76, which it hit on July 23, 2024. The company's market cap is Rs 29,920.89 crore.
The stock has been gaining for the last four days, and according to BSE Analytics, the counter has surged 41.96 per cent in one week.
(This article is for informational purposes only and should not be construed as investment, financial, or other advice.)