Overview

• Reliance Infra share price today rose 2.92% to Rs. 274.85 on strong trading volumes, shrugging off market concerns around CBI searches.

• The stock remains one of the cheapest bets in the infrastructure space with a P/E of just 2.08 vs. sector average of 26, and EPS growth of 547% YoY.

• A high Beta of 1.58 and strong resistance levels suggest short-term volatility, but long-term investors could benefit if the company sustains earnings growth.

Reliance Infra share price today gained 2.92% to trade at Rs. 274.85 per share at press time.  The stock opened at Rs. 270 and touched an intraday high of Rs. 277.90, while the low stood at Rs. 269.10. The upward movement came despite the news regarding CBI investigations linked to Anil Ambani and Reliance Communications (RCom). Let’s explore in detail how the stock performed today and what to expect from it in the coming days based on Moneycontrol data. 

Strong Trading Activity

The trading volume for the day was 8.03 lakh shares, with a total turnover value of Rs. 2,210.81 lakh. The volume-weighted average price (VWAP) was Rs. 273.76, indicating healthy investor participation. Reliance Infra's shares currently have a market capitalization of Rs. 10,893 crore, making it a mid-cap stock in the infrastructure sector.

Reliance share price chart on TradingView at 1.28 PM shows a slight decline of 0.69%, highlighting its volatile nature:  

The stock remains volatile, with a Beta of 1.58, suggesting it is more sensitive to market swings compared to the benchmark indices. Its 52-week performance highlights the volatility with a high of Rs. 423.40 and a low of Rs. 195. Over the long term, the contrast is starker, as Reliance Infra stock once touched an all-time high of Rs. 2,641, compared to an all-time low of just Rs. 8.65.

Valuations at Attractive Levels

Reliance Infra share price currently trades at highly attractive valuations relative to the broader market. Its price-to-earnings (P/E) ratio stands at just 2.08, significantly below the infrastructure sector’s average P/E of 26.02. The company also has a low price-to-book (P/B) ratio of 0.87, compared to a book value per share of Rs. 317.97.

On the earnings front, the company has delivered strong growth, reporting a TTM EPS of Rs. 132.05, a 547% year-on-year rise. Despite these positive indicators, the stock does not currently offer any dividend yield, as management has focused on debt reduction and operational improvements.

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Reliance Infra CBI Probe

The recent news regarding CBI searches at Anil Ambani’s residence and Reliance Communications’ offices created initial concerns among investors. The searches were based on a complaint by the State Bank of India. However, Anil Ambani, through his spokesperson, denied any wrongdoing and clarified that the transactions under scrutiny date back more than a decade, when he served only as a non-executive director.

Reliance Infra and Reliance Power issued separate statements emphasizing that the investigations into Reliance Communications have no connection with their governance, operations, or financials. Both companies underlined that Ambani has not been a board member for over three and a half years, and that they function as independent listed entities with no operational or financial ties to RCom.

Furthermore, Reliance Communications has been under the supervision of a creditors’ committee led by SBI and monitored by a resolution professional for the past six years, with ongoing proceedings at the National Company Law Tribunal (NCLT) and the Supreme Court.

Market Outlook 

From a technical perspective, Reliance Infra share price shows key resistance and support levels at Rs. 281.03 and Rs. 259.03, respectively. Thus, the stock remains an attractive yet volatile bet. The company’s low valuations and strong earnings growth appeal to value investors. However, the stock is likely to stay sensitive to broader market movements and news flow surrounding the Anil Ambani group. For medium- to long-term investors, Reliance Infra could offer significant upside if the business continues to strengthen operationally while distancing itself from legacy issues tied to Reliance Communications.

Also Read: Reliance Infra Shares Dip 5% to Rs 275.65 Amid CBI Probe

FAQs

1. Why did Reliance Infra stock rise despite the CBI probe news?

Reliance Infra gained 2.92% because investors focused more on its attractive valuations and strong earnings growth rather than the noise around CBI searches. The company clarified that it has no operational or financial links to Reliance Communications, helping restore investor confidence.

2. How attractive are Reliance Infra’s valuations compared to peers?

Reliance Infra’s P/E ratio of 2.08 is dramatically lower than the infrastructure sector’s average P/E of 26. Combined with a low P/B ratio of 0.87 and EPS growth of 547% YoY, the stock offers significant value for investors seeking undervalued opportunities.

3. Does the CBI investigation affect Reliance Infra directly?

No, the CBI probe pertains to Reliance Communications and dates back over a decade. Reliance Infra has clarified that it operates independently, with no governance, financial, or operational linkages to RCom. This distinction reduces direct risk exposure to the investigation.

4. What is the technical outlook for Reliance Infra?

Reliance Infra shows resistance at Rs. 281, Rs. 295, and Rs. 303, with support at Rs. 259, Rs. 251, and Rs. 237. Given its Beta of 1.58, the stock remains volatile. Traders may see swings around these levels, while long-term investors could wait for consolidation above resistance.

5. Is Reliance Infra a good long-term investment?

Reliance Infra’s strong fundamentals, low valuations, and earnings growth make it an attractive long-term play. However, its volatility and sensitivity to market sentiment require investors to have a medium-to-long-term horizon and a tolerance for short-term fluctuations tied to news flow.