Cementing gains! Reliance Infra stock up 2%

The company is reportedly in talks with Aditya Birla Group company for stake sale in cement units.

Reliance Infrastructure Ltd was up by 2% at Rs. 439. A report stated that the company is in talks with Aditya Birla Group company for stake sale in cement units. 

The scrip opened at Rs. 431.5 and has touched a high and low of Rs. 444 and Rs. 427.5 respectively. So far 641766(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 11366.43 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 616.7 on 28-Nov-2014 and a 52 week low of Rs. 282.2 on 25-Aug-2015. Last one week high and low of the scrip stood at Rs. 441 and Rs. 413.1 respectively.

The promoters holding in the company stood at 48.53 % while Institutions and Non-Institutions held 35.6 % and 13.09 % respectively.

The stock is currently trading below its 200 DMA