Reliance Group firms’ stocks soar

Stocks of the Reliance Group firms rallied at the Bombay Stock Exchange Tuesday with the infrastructure arm soaring the most.

Reliance Infrastructure closed 11.46 percent up at Rs.602.75 after touching an intra-day high of 13.32 percent at Rs.612.85.

Financial services provider Reliance Capital closed 9.04 percent higher at Rs.405.25 after moving up 9.74 percent at Rs.408.05.

Stocks of Reliance Power closed 7.59 percent up at Rs.118.40 with an intra-day high of 8.54 percent at Rs.119.45 while that of telecom service provider Reliance Communications closed 7.22 percent up at Rs.94.25.

Reliance Communications reported an intra-day high of 7.62 percent at Rs.94.60.

The group’s entertainment arm Reliance Broadcast Network closed 5.25 percent up at Rs.54.15 following an intra-day high of 6.6 percent Rs.54.85.