Stocks of Anil Ambani-led Reliance Group witnessed strong upward momentum on Friday, May 23, as investors flocked to key group firms in morning trade. Reliance Power surged 12.9% to ₹50.34, while Reliance Infrastructure climbed 5.29% to ₹298.40.
Both stocks were among the top gainers on the NSE.
Stock Performance Snapshot
Reliance Power Ltd
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Current Price: ₹50.34
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Previous Close: ₹44.59
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Day’s Range: ₹44.40 – ₹50.20
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52-Week Range: ₹23.30 – ₹53.64
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Market Cap: ₹206.37 billion
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P/E Ratio: 7.17
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Volume: 47.11 million
Reliance Infrastructure Ltd
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Current Price: ₹298.40
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Previous Close: ₹283.40
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Day’s Range: ₹282.45 – ₹297.40
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52-Week Range: ₹144.45 – ₹351.00
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Market Cap: ₹117.28 billion
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P/E Ratio: 35.09
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Volume: 3.58 million
Earlier this week, Reliance Defence Ltd, a subsidiary of Reliance Infrastructure, signed a major strategic partnership with Germany’s Rheinmetall AG to manufacture artillery shells and explosives. The companies plan to set up a greenfield manufacturing unit in Ratnagiri, Maharashtra—marking Reliance Group’s third major defence collaboration after Dassault Aviation and Thales.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions.
