Anil Ambani Group stocks surge; RCom up 8%
Mumbai: Shares of Anil Ambani-led Reliance Group stocks, led by Reliance Communications, Thursday surged by up to over 8 percent in an overall upbeat stock market.
Reliance Communications scrip jumped 8.3 percent to close the day at Rs 105.05 on the BSE.
Other group stocks also saw robust buying where Reliance Broadcast Network Ltd rose 4.41 percent, while Reliance Infrastructure jumped 3.93 percent, Reliance Power (3.01 percent), Reliance Capital (3.35 percent) and Reliance MediaWorks (1.54 percent).
Reliance Infrastructure, through its special purpose vehicle (SPV) Mumbai Metro One Pvt Ltd (MMOPL) today successfully conducted Mumbai Metro's first trial run.
Billionaire Ambani brothers had last month sewed a Rs 1,200 crore deal where Anil Ambani will share his fibre-optic network to help Mukesh Ambani roll out his telecom venture.
In the stock market, the BSE benchmark Sensex ended at 19,735.77, up 231.59 points or 1.19 percent.