Reliance Infrastructure Stock Plummets to New 52-Week Low at Rs. 166.15

Reliance Infrastructure has reached a new 52-week low, hitting Rs. 166.15 today, marking a significant point in its recent trading activity. This decline follows a six-day streak of consecutive losses, although the stock managed to outperform its sector by 2.66% today.
The stock opened with a notable gap down, reflecting a loss of 4.98%, and touched an intraday high of Rs. 183.55 before settling at its new low. Reliance Infrastructure is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in the short to medium term.

Over the past year, the stock has experienced a decline of 34.78%, contrasting sharply with the Sensex, which has gained 5.19% during the same period. The company's financial health is under scrutiny, with a high debt-to-EBITDA ratio of 14.55 times and a decrease in institutional investor participation, which has fallen by 3.29% in the last quarter. Despite these challenges, the company reported a significant increase in profits, rising by 372.8% over the past year.