News for Reliance Infrastructure Limited (RELFF)

Reliance Infrastructure Limited (RInfra) plans to enter renewable energy manufacturing with integrated solar and battery units.

Supreme Court Justice K V Viswanathan recused himself from a case alleging contempt of court. The case involves a dispute between the Delhi Metro and an Anil Ambani group firm. The firm was initially awarded Rs 8,000 crore, but the Supreme Court later overturned that decision.

Reliance Infrastructure shares have a one-year beta of 1.4, indicating high volatility during the period. In terms of technicals, the relative strength index (RSI) of Reliance Infrastructure stands at 75.7, signaling it's trading in the overbought zone.

In a regulatory filing, the company said FCCBs will be unsecured and will have ultra-low cost interest of 5% per annum with a long maturity of 10 years.

Shares of Reliance Power fell by 4.6% ahead of its Board meeting on October 3, breaking an 8-day winning streak. The decline follows the company's recent approval to issue up to 46.2 crore equity shares and/or warrants worth Rs 1,525 crore through a preferential allotment. Funds will be used for business expansion and debt reduction.

Shares of Anil Ambani's Reliance Power rallied another 5% on Thursday, reaching a fresh 52-week high of Rs 44.15 on the NSE. Today marked the seventh consecutive day that the small-cap stock, a favorite among retail investors, hit the 5% upper circuit limit.

Reliance Power Share Price: Reliance Power shares hit a new 52-week high, reaching Rs 42.06 on the BSE after the board approved issuing up to 46.2 crore equity shares and/or warrants worth Rs 1,525 crore through preferential allotment. The funds will be used for business expansion, debt reduction, and general corporate purposes.

Reliance Power share price was locked in the 5 per cent upper circuit at Rs 40.06 per share on the BSE. The stock also reached its 52-week high on Tuesday

R Power share Price: The proceeds from the preferential issue will be utilised to expand business operations directly and/or through investment in subsidiaries and joint ventures, debt reduction and for general corporate purposes, the filing said.

In the past three months, the share price of Reliance Anil Dhirubhai Ambani Group company has risen 122%, touching its 52-week high of ₹320 intraday today.

The company recently announced its plan of raising long-term capital

Stocks to watch out for today: Buzzing stocks: Orient Green Power, Wardwizard, Dalmia Cement, Godavari Power, Essar Shipping, KEC International, Jubilant Pharmova, Adani Enterprises, Dr Reddy’s Lab, Lupin, Railtel, IDBI Bank, Suzlon

Sensex, Nifty updates on 03 October 2023 – Indian shares closed lower on Tuesday, dragged by auto stocks on mixed sales data in September, while concerns over elevated interest rates also weighed on sentiment. The NSE Nifty 50 index settled 0.56 per cent down at 19,528.75, while the S&P BSE Sensex fell 0.48 per cent to 65,512.10. Auto stocks fell 1.20 per cent, dragged by Eicher Motors shedding 2.68 per cent, among the most on the blue-chip Nifty 50, after its September motorcycle sales fell 4 per cent.

SoftBank Vision Fund to offload 1.17% stake in Zomato for Rs 940 cr. MMOPL awarded Rs 1,035 cr in arbitration. Lupin launches Propranolol LA capsules in Canada & gets USFDA approval for Pirfenidone capsules. HCLTech partners with Cloud Software Group to drive better value for customers. Central Bank of India enters strategic Co-Lending Partnership. IndiGo revamps 6E Eats on-board catering service. Trigyn Technologies wins Rs 35 cr project from Digital India Corp. Unichem gets USFDA approval for Prasugrel Tablets. MPS Interactive to acquire 65% of Liberate Group. GR Infraprojects executes concession agreement worth Rs 1,457 cr. BigBloc Construction promoter group waives off dividend. Puneet Dalmia to take over as MD & CEO of Dalmia Cement. R Dinesh appointed Chairman of TVS Supply Chain Solutions. Tata Motors & Mahindra get domestic value certificates.

/PRNewswire/ -- The

Asian stock markets are significantly down today, and following the same trend, Indian markets are also showing a downward trend. On September 1, the Nifty 50 opened at 17,485.70 points up by 2.58%, and Sensex opened at 58,710.53 points. At the time of writing Nifty fell by 0.57%, and Sensex fell by 0.58%.

RInfra, Hero Moto, IOL Chem, Welspun, Rohit Ferro to remain in focus

Indian Stocks BSE: Get Free Intraday Trading Tips, Bombay Stock Exchange Tips, Bse sensex, Bse Indices, BSE Stock Quotes, BSE IT, BSE Stock Tips

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