Shares of Reliance Anil Dhirubhai Ambani Group (ADAG) companies surged 3-13% on Friday, with Reliance Communications...
Shares of Reliance Anil Dhirubhai Ambani Group (ADAG) companies surged 3-13% on Friday, with Reliance Communications (RCom) rising the most in two years.
About 10.3 lakh shares reportedly changed hands in eight block deals on the NSE, according to Bloomberg. However, information about buyers and sellers could not be ascertained. FE independently verified data but NSE block deal data did not reflect of any transactions on Friday.
RCom surged close to 13% to settle at R71.50 per share on the NSE. More than 5.19 crore shares were traded on BSE and NSE, up 8.38 times their average 5-day traded volume and up 6.09 times their average 30-day trading volume on both the exchanges, official data showed.
The stock was the top performer on MSCI Asia Pacific, BSE 100, BSE 200 and BSE 500 indices. Following Friday’s ascent, the stock pared year-to-date losses to about 9% after yielding wiping out 40% from the stock in calendar 2014. In contrast, the Sensex has given near 5% gains this calendar. The 30-share gauge ended down 5.38 points or 0.02% at 28879.38 on Friday, snapping its five-day winning streak.
Reliance Power soared 5% to R61.30, while Reliance Capital advanced 2.6% to R454.55 and Reliance Infrastructure rose nearly 4% to R472.85.
All stocks saw 3-7 times increase in trading volume, data showed.
With inputs from Bloomberg.