Reliance Infra shares rise 10 pc on strong results

Shares of Reliance Infrastructure on Monday zoomed 10 pc after the firm reported 18 percent rise in consolidated net profit to Rs 345.51 crore for the third quarter ended December. The stock rose 9.49 percent to close at Rs 21.35 on the BSE. Intra-day, the stock touched a high of Rs 21.45, gaining 10 percent.

It gained 10 percent to settle at Rs 21.45 on the NSE. The stock touched its upper circuit at Rs 21.45 on both the stock exchanges. On traded volume front, 5.74 lakh shares of the company were traded on the BSE and more than 68 lakh units exchanged hands on the NSE.

Reliance Infrastructure (RInfra) on Friday reported a 18 percent rise in its consolidated net profit to Rs 345.51 crore for the quarter ended December 31, 2019. The Anil Ambani-led company had clocked a net profit of Rs 293.77 crore in the corresponding quarter previous fiscal, it had said in a regulatory filing.