| June 07
Reliance Infra shares hit 52-week high after board approved Rs 550 crore fund raise
The Reliance Infra shares’ Board of Directors approved raising funds up to Rs. 550.56 crore through postal ballot.
The stock was trading at Rs 71.35, up to Rs 1.50. It has sparked a 52-week high of Rs 73.30. So, an intraday high of Rs 73.30 and an intraday low of Rs 70.10 were observed.
Though various analysts have diverse opinions on it.
But the Executive Director, FINDOC, Mr. Nitin Shahi has said that the overall fundamentals of the stocks are not good, so better to keep them as short and medium-term bets.