Reliance Infrastructure Ltd (Reliance Infra) shares rose nearly 4% on the National Stock Exchange (NSE) today as investors await the company’s second-quarter (Q2) financial results. The stock was trading at ₹259.95, up from its previous close of ₹249.70.
Key Developments
- Q2 Financial Results: Market watchers are anticipating Reliance Infra’s Q2 FY25 earnings report, which is expected to shed light on the company’s performance amid a challenging business environment. Over the past few quarters, Reliance Infra has faced financial pressures, leading to investor interest in its earnings results.
- Supreme Court Hearing: Adding to the market excitement, the Supreme Court is set to hear a petition filed by the Delhi Metro Rail Corporation (DMRC) today. DMRC has moved to initiate contempt proceedings against Reliance Infra’s subsidiary, Delhi Airport Metro Express Private Ltd (DAMEPL), and its managing director, accusing them of “willfully disobeying” the court’s April 10 directive. The directive called for a refund of amounts deposited by DMRC, leading to a legal standoff that has intensified market scrutiny.
- Stock Performance: Reliance Infra’s stock has seen significant volatility this year, with a 52-week high of ₹351.00 and a low of ₹144.45. Today’s rally is driven by investor anticipation for Q2 results and the Supreme Court hearing outcome, which could influence the company’s financial standing.
About Reliance Infra Reliance Infrastructure, part of the Anil Ambani-led Reliance Group, is a major player in integrated power utilities and infrastructure projects across India. Despite financial challenges, the company remains active in diverse infrastructure sectors, including roads, power, metro rail, and airports.
Investors and analysts will closely monitor both the Q2 earnings and developments from the Supreme Court hearing, which could have substantial implications for Reliance Infra’s operations and financial outlook.
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.
