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New Delhi: Shares of Reliance Infrastructure, the company led by industrialist Anil Ambani, witnessed a surprising surge on Tuesday, climbing over 5% in early trading despite weak quarterly results.
The company reported its Q2 FY 2026 consolidated net profit fell by more than 50%, dropping to ₹1,911 crore from ₹4,082 crore in the same quarter last year. Revenue also declined by 14%, reaching ₹6,235 crore, down from ₹7,258.50 crore in Q2 FY 2025.
Despite these disappointing figures, the stock touched an intraday high of ₹183.80. By 12:50 PM, it was trading at ₹181, up 3.4%, pushing the company’s market capitalization to ₹7,394.18 crore.
Reliance Infrastructure shares have faced a tough year, falling over 40% so far, including a 30% drop in the past six months. The stock’s 52-week high is ₹425 (reached on 27 June), while the 52-week low is ₹163.75, which it hit on Tuesday.
Market analysts note that despite the profit decline, investor optimism around the company’s future projects has supported the stock’s bounce.
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