Home Business Reliance Infrastructure Ltd share surges 10 percent today after huge crash 2500 rupee to 155 rupees – Business News India

Reliance Infrastructure Ltd share surges 10 percent today after huge crash 2500 rupee to 155 rupees – Business News India

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Reliance Infrastructure Ltd share surges 10 percent today after huge crash 2500 rupee to 155 rupees – Business News India

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Stock returns: On Wednesday, the third trading day of the week, the stock market once again touched the new all-time high. During this, the shares of Anil Ambani’s company Reliance Infrastructure (Reliance Infrastructure Ltd) also saw a rapid rise. During the trading, this share jumped by about 10% and the price reached Rs 157.15. Let us tell you that in September 2022 this share went up to Rs 201.35. This was the highest level in 52 weeks. At the same time, in July 2022, the stock touched a 52-week low of Rs 100.75.

how much return in which period
Reliance Infra stock has given a positive return of 375 per cent in three years. At the same time, about 100 percent returns have been received in a period of two years and 55 percent in a period of one year. Let us tell you that in the year 2008, the stock had touched the level of Rs 2500. This was the time when the world was in the grip of recession and there was a big fall in the stock markets of India.

This IPO is in high demand, there will be a big bang on the day of listing, the stock can go beyond ₹ 800

Company is about to sell 3 assets
Recently, there were reports that three road properties of Reliance Infrastructure are going to be sold. Leading international investment funds including Cube Highways, Brookfield and Canada Pension Plan Investment Board (CPPIB) are in the race to buy it. A valuation of Rs 2,000 crore has been fixed for these properties. Reliance Infrastructure is in a mood to sell Pune Satara Toll Road (PS Toll Road) in Maharashtra, Hosur-Krishnagiri Toll Road (HK Toll Road) and Salem-Ulenderpet Toll Road (SU Toll Road) in Tamil Nadu, Business Standard reported. The total length of all the three toll roads is about 350 km. Reliance Infra’s portfolio currently includes nine ongoing road projects with a total length of over 700 kms.

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