Friday, December 27, 2024

Reliance Infrastructure share price rises up to 7.5%, inching close to 1-year high on substantial reduction in debt

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Stock Market Today: Reliance Infrastructure share price gained up to 7.5% in morning trades on Thursday and was very close to 1 year (52-week) high.

The Reliance Infrastructure share price has been buzzing with news flows as it has reduced standalone external debt from 3,831 Crore to 475 Crore

Reliance Infrastructure share price that opened at 294.50 on Thursday in the morning trades on the BSE, slightly higher than pevious close of 282.75, gained further to intraday highs of 304. Reliance Infrastructure share price price is trading very close to the 1-year (52-week high) of 308 seen in April 2024

Reliance Infrastructure in its release on Wednesday said that it has reduced its standalone external Debt from 3,831 crore to 475 Crore. Consequently, the net worth of the Company will stand at  9,041 crore.





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