Shares of Reliance Infrastructure (Reliance Infra) fall about 5% in early trading after the Securities and Exchange Board of India (SEBI) rejects a settlement plea, according to the report. The stock opens at Rs 73.61, down from a previous close of Rs 77.48, and extends its decline to hit an intraday low around 5% lower. The article frames the move as part of the stock’s reaction to the SEBI decision. It also notes the company’s broader performance, stating that Reliance Infra is down substantially year-to-date, with the report citing a decline of about 535%. The sources describe the market impact in terms of the share-price drop and the intraday trading range, but do not provide additional details on the basis for SEBI’s rejection or the specific allegations related to the settlement plea. The reporting therefore focuses on the immediate price movement following the regulator’s action.
Reliance Infra Shares Fall 5% After SEBI Rejects Settlement Plea
Shares of Reliance Infrastructure (Reliance Infra) fall about 5% in early trading after the Securities and Exchange Board of India (SEBI) rejects a settlement plea, according to the report. The stock...
- Reliance Infrastructure shares drop about 5% after SEBI rejects a settlement plea.
- The stock opens at Rs 73.61 versus a previous close of Rs 77.48.
- The shares reach an intraday low roughly 5% below the previous close.
- The article states Reliance Infra is down about 535% year-to-date.
- The report does not include further details on the grounds for SEBI’s rejection.
Small-Cap Stock Under Rs 100: Shares of the ADAG stock opened at Rs 73.61 against a previous close of Rs 77.48 and extended losses to drop 5% at an intraday low. Reliance Infra shares are down 535 YTD.
1 month agoSmall-Cap Stock Under Rs 100: Shares of the ADAG stock opened at Rs 73.61 against a previous close of Rs 77.48 and extended losses to drop 5% at an intraday low. Reliance Infra shares are down 535...
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