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ADAG in demand, Reliance Infra surges 10 per cent on BSE

ADAG in demand, Reliance Infra surges 10 per cent on BSE

Shares of Anil Dhirubhai Ambani Group firms advanced by over 10 per cent in early trade on the BSE, with Reliance Infrastructure emerging as the major gainer.

Shares of Anil Dhirubhai Ambani Group firms advanced by over 10 per cent in early trade on the Bombay Stock Exchange on Wednesday, with Reliance Infrastructure emerging as the major gainer as investors snapped up shares of the company available at lower prices.

Among the BSE benchmark Sensex-30 components, Reliance Infrastructure emerged as the top gainer, rising by 10.62 per cent to an early peak of Rs 688.

In a similar fashion, Reliance Capital also surged by 5.27 per cent to an early high of Rs 481, while another group firm, Reliance Broadcast Network, rose by 5.44 per cent to a high of Rs 71.60.

Brisk buying was seen on the counters of other ADA group firms as well, including Reliance Communications (RCom) and Reliance Power.

Shares of the group's telecom arm, RCom, went up by 2.57 per cent, while Reliance Power rose by 2.31 per cent and Reliance MediaWorks spurted by 6.26 per cent.

Meanwhile, the BSE 30-share barometer index Sensex was trading flat at 18,327.18 at 1120 hours on Wednesday.

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Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
Published on: Feb 23, 2011, 12:28 PM IST
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