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Bloomberg Quint

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Religare Shares Extend Gains Ahead Of Board's Fundraise Decision

  • Shares of Religare Enterprises Ltd. surged over 6% during trade after the company's announcement that the Board will consider approving a fundraise on July 11.
  • The stock had notable gains the previous day, closing nearly 7% higher, with the trading window closed until after the quarterly financial results are declared.
  • Religare Enterprises stock rose by 6.14% to Rs 249.6 apiece on the NSE, trading higher at Rs 246.5 apiece. The company witnessed a decline in the last six months but has shown a rise over the last three months.
  • The total traded volume was significantly higher than the average, with the relative strength index at 68.9.

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