Reliance Infrastructure Achieves 52-Week High Amid Strong Market Momentum

Reliance Infrastructure has made headlines today as its stock price reached a new 52-week high of Rs. 423, marking a significant milestone for the midcap power company. This achievement comes after a robust performance over the past four days, during which the stock has gained 12.91%. Notably, Reliance Infrastructure has outperformed its sector by 3.7% today, reflecting its strong market position.
The stock's intraday high of Rs. 423 represents a 4.69% increase, indicating positive momentum. Furthermore, Reliance Infrastructure is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a favorable trend in its price action.

In the broader market, the Sensex has also shown resilience, climbing 304.16 points to reach 83,187.08, just 3.36% shy of its own 52-week high. The overall bullish sentiment in the market is supported by mega-cap stocks, which are leading the gains today. Over the past year, Reliance Infrastructure has delivered an impressive 105.89% return, significantly outpacing the Sensex's 5.70% performance.