Reliance Infra shares end over 3% higher; hit 52-week high

New Delhi: Shares of Reliance Infrastructure continued to remain in the limelight on Thursday, climbing over 3 per cent, after the company's promoted Reliance Defence Ltd announced securing a Rs 600-crore export order from German defence and ammunition manufacturer Rheinmetall Waffe Munition GmbH.

The stock jumped 3.33 per cent to settle at Rs 417.50 on the BSE. During the day, it surged 4.93 per cent to hit the 52-week high of Rs 424.

At the NSE, it climbed 3.29 per cent to Rs 418.

In the previous trade, the stock had jumped 4.98 per cent.

In the past one month, shares of the firm have zoomed over 42 per cent.

Last month, Anil Ambani's Reliance Defence signed an agreement with German arms manufacturer Rheinmetall AG to supply ammunition like artillery shells and explosives from a new facility to be set up in Maharashtra.

"Reliance Defence's export order is one of the largest in the high-tech ammunition domain to date. This underscores the strength of its recently announced strategic partnership with Rheinmetall," the firm said in a statement on Wednesday.

The order represents a key milestone in Reliance Defence's strategy to strengthen its position as a reliable partner in the global defence and ammunition supply chain, with a particular focus on Europe.

Reliance Defence aims to be among the top three defence exporters in the country.