Shares of Religare Enterprises Ltd. hit a six-year high on Wednesday after large trade.
At least 2.45 crore shares, or 7.6% equity, changed hands on the BSE, according to Bloomberg data.
The buyers and sellers were not known immediately.
The stock of the diversified financial services firm rose 4.66% to Rs 230.35 apiece as of 9:54 a.m., compared to a 0.34% decline in the benchmark NSE Nifty 50. The shares rose as much as 7.54% intraday to Rs 236.7 apiece, the highest since April 2017.
The stock has risen 32.4% year-to-date. The total traded volume stood at 88.5 times its 30-day average. The relative strength index was 79, implying that the stock maybe overbought.
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