The stock slipped to a low of Rs 1,182 but surged 8% from there to the day's high of Rs 1,275. It finally ended 5% higher at Rs 1,262 with over 1.39 million shares traded on the BSE today.
___________________________________________________
(Updated at 1252 hrs)
Reliance Infrastructure has gained on hopes of acquiring the Mumbai Metro II contract.
The stock today opened with a positive gap of 1.5% at Rs 1,218. It surged 5% to touch a high of Rs 1,259 and is currently trading 3% higher at Rs 1,240. The counter has clocked a volume of 367,500 shares on the BSE so far.
The firm has already started negotiating with domestic banks to tie up funds for the estimated Rs 11,000-crore project. They are also set to buy the 11-km Bandra-Worli Sea Link, and is the preferred bidder for the Worli-Haji Ali link. This would let them collect toll for the entire sea link stretch for the next 40-50 years.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app