Anil Ambani group stocks surge up to 13% today; Reliance Power, Reliance Infra in focus
By Aditya Bhagchandani Published on May 23, 2025, 12:12 IST
Stocks of Anil Ambani-led Reliance Group witnessed strong upward momentum on Friday, May 23, as investors flocked to key group firms in morning trade. Reliance Power surged 12.9% to ₹50.34, while Reliance Infrastructure climbed 5.29% to ₹298.40.
Both stocks were among the top gainers on the NSE. Stock Performance Snapshot Reliance Power Ltd Current Price: ₹50.34
Previous Close: ₹44.59
Day's Range: ₹44.40 – ₹50.20
52-Week Range: ₹23.30 – ₹53.64
Market Cap: ₹206.37 billion
P/E Ratio: 7.17
Volume: 47.11 million Reliance Infrastructure Ltd Current Price: ₹298.40
Previous Close: ₹283.40
Day's Range: ₹282.45 – ₹297.40
52-Week Range: ₹144.45 – ₹351.00
Market Cap: ₹117.28 billion
P/E Ratio: 35.09
Volume: 3.58 million
Earlier this week, Reliance Defence Ltd, a subsidiary of Reliance Infrastructure, signed a major strategic partnership with Germany's Rheinmetall AG to manufacture artillery shells and explosives. The companies plan to set up a greenfield manufacturing unit in Ratnagiri, Maharashtra—marking Reliance Group's third major defence collaboration after Dassault Aviation and Thales.
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.
Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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