RDB Infrastructure and Power Shares Reach 52-Week High on Solar Energy Acquisition

Mumbai: Shares of real estate firm RDB Infrastructure and Power reached a fresh 52-week high on Wednesday, January 7, 2025, despite market volatility due to geopolitical tensions and sustained foreign fund outflows. The stock began the trading session at Rs 71, up from the previous close of Rs 69.42 on the BSE. It continued its upward trend, touching a high of Rs 71.50, representing a gain of 2.99 per cent from the last closing price. The stock's 52-week low was Rs 35, recorded on September 9, 2025. As of the latest trading, the stock was at Rs 70.40, up 1.41 per cent, with a market cap of Rs 1,394.86 crore.

The stock has been on a consistent rise for the last 15 days, gaining 53.41 per cent during this period. It has outperformed the sector by 1.53 per cent and is trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The BSE has placed the stock under the Short Term Additional Surveillance Measure Stage 1 (ST ASM-1) framework to monitor its performance.

The stock's 14-day relative strength index (RSI) is 81.91. For the uninitiated, a level above 70 is considered overbought or overvalued, and below 30 is defined as oversold or undervalued. This high RSI indicates that the stock is currently experiencing strong buying pressure.

The recent surge in the stock price can be attributed to the company's strategic move into the renewable energy sector. RDB Infrastructure and Power has announced that its board of directors has approved the proposal to subscribe for 70 per cent of the equity share capital of Solar Agro-Parks Private Limited. This company is engaged in the solar energy sector. Under the deal, RDB will subscribe for 7,000 equity shares with a face value of Rs 10 each, for a total cost of Rs 70,000. Following this investment, RDB will have a 70 per cent stake and control in the proposed entity.

According to the company, this acquisition is part of its broader strategy to expand and diversify its business in renewable energy. The move is seen as a positive step towards leveraging the growing demand for clean energy solutions and positioning the company for long-term growth.

RDB Infrastructure and Power is a leading real estate firm with a diverse portfolio of projects across residential, commercial, and infrastructure sectors. The company has a strong track record of delivering high-quality projects on time and has a reputation for innovation and sustainability. The foray into renewable energy is expected to further strengthen its market position and attract a broader investor base.

Investors and analysts are bullish on the company's future prospects, citing the potential synergies and growth opportunities in the renewable energy sector. However, it is important to note that the stock is currently overbought, and investors should exercise caution and consider their risk tolerance before making any investment decisions.

(This article is for informational purposes only and should not be construed as investment, financial, or other advice.)