RIIL share price: Shares of Reliance Industrial Infrastructure (RIIL) surged almost 9% in morning trade on the BSE on Wednesday, 7 October, defying weak stock market sentiment. Reliance Industrial Infra share price opened at ₹682 against its previous close of ₹680.55 and jumped as much as 8.7% to an intraday high of ₹740, looking set to extend gains for the second consecutive session. On the other hand, equity benchmark Sensex declined by 0.75% during the session.
The stock surged on Wednesday, with trading volume more than 5 times higher.
The stock is down 13% year-to-date, largely in sync with a 14% decline in the equity benchmark Sensex. It hit a 52-week high of ₹963.65 on 8 October last year and a 52-week low of ₹620.50 on 30 March this year.
On a monthly scale, the stock is up 6% so far in October after a 10% decline in September.
On 15 July, RIIL said its total income declined 18.4% year-on-year (YoY) to ₹14.92 crore in Q1FY27 from ₹18.28 crore for the same period, following the completion of certain fixed-term contracts. Net profit for the quarter declined 8.4% YoY to ₹2.84 crore from ₹3.10 crore in the same quarter last year.