RDB Infrastructure and Power Stock Surges to 52-Week High on Solar Energy Acquisition
Shares of real estate firm RDB Infrastructure and Power hit a fresh 52-week high on Wednesday, January 7, 2025, despite the market remaining volatile amid geopolitical tensions and sustained foreign fund outflows. The stock started the trading session in the green at Rs 71, against the previous close of Rs 69.42 on the BSE. The stock continued its upward trend and touched a high of Rs 71.50, representing a gain of 2.99 per cent from the last closing. This is also the stock's fresh 52-week high. The 52-week low of the stock is Rs 35, hit on September 9, 2025. Last seen, the stock was trading at Rs 70.40 with a gain of 1.41 per cent, and the market cap of the company stood at Rs 1,394.86 crore.
The stock has been gaining for the last 15 days and has risen 53.41 per cent in the period. While the scrip has outperformed the sector by 1.53 per cent, it is trading higher than the 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Meanwhile, the BSE has placed the stock under the Short Term Additional Surveillance Measure Stage 1 (ST ASM-1) framework.
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.
The rally in the stock is primarily attributed to the company's recent announcement regarding its strategic move into the solar energy sector. RDB Infrastructure and Power has informed the exchanges 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. The company is engaged in the solar energy sector.
According to the information shared with exchanges, under the deal, the company 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, the company will have a 70 per cent stake and control in the proposed entity. According to the company, the acquisition is part of its strategy to expand and diversify its business in renewable energy.
RDB Infrastructure and Power, a leading real estate firm, has been actively exploring new avenues to diversify its portfolio and capitalize on emerging trends in the energy sector. The acquisition of Solar Agro-Parks Private Limited is a significant step towards achieving this goal. The company aims to leverage its expertise in real estate to create integrated solar parks that can generate clean and sustainable energy.
This strategic move is expected to enhance the company's revenue streams and provide long-term growth opportunities. The renewable energy sector is witnessing rapid growth, driven by government policies and increasing awareness about the need for sustainable energy solutions. By entering this sector, RDB Infrastructure and Power is positioning itself to benefit from these trends and create value for its shareholders.
In conclusion, the recent surge in the stock price of RDB Infrastructure and Power is a testament to the market's positive response to its strategic initiatives. The company's foray into the solar energy sector is a well-timed move that aligns with broader industry trends and is likely to contribute to its future success.
(This article is for informational purposes only and should not be construed as investment, financial, or other advice.)
