Anil Ambani-Owned Reliance Infrastructure Share Price DIPS 5% after this reply on 155mm artillery shells

Anil Ambani-Owned Reliance Infrastructure’s Stock Took a Breather on Chiursday after a sharp 11% gain in the last trading Session, with the scrip Declining 5% in INTRA-DAILS TODAY Apart from Profit Taking Following A Sharp Rally in Recent Months, Reliance Infra Share Price also Came under pressure under Shells by the company.

The stock exchange bse sought a Clarification from Reliance Infrastructure 155mm artillery shells “.

In its response, the anil ambani-ovned group stock said that it has a number a number of definition spvs DRDO Project of the Government of India.

“The activities are routine in nature as per the objectives of the company. Furthermore, it added that the development of ammunition by a subsidiary company is in the normal course of business and is not a disclosable event.

Reliance infra also said that as on date, there was no order from the Indian Army for Ammunition Under Development.

Meanwhile, in a Major Relief for Reliance Infra, National Company Law Applelate Tribunal (NCLAT) on Wednsday styed insolvenscy proceedings against the company that was initiated by idbi trusteed by Services ltd over an alleged default of 88 Crore.

Reliance Infra Share Price Trend

The adag stock reliance infrastructure declined as much as 4.8% in INTRA-DAY TRADE on Charday. It hit the day’s low of 362.

However, this fall is a small dent in the massive rally the reliance infrastructure share price has been recent. The BSE Smallcap Stock is up 17% in a week and 68% in three months. In 2025 so far, Reliance Infra Share has added 15.60% whose it has emerged as a multibagger stock over a year, rallying 146%.

As of 3.20 PM, Reliance Infrastructure Share Price was at 373.80, Down 1.75%.

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