Reliance Capital hits fifth straight upper limit, soars 27% in one week

The stock was locked in upper circuit for the fifth straight day, up 5 per cent at Rs 17.93 on the BSE in Wednesday's trade in an otherwise weak market.

Shares of Reliance Capital (RCap) were locked in upper circuit for the fifth straight day, up 5 per cent at Rs 17.93 on the BSE in Wednesday’s trade in an otherwise weak market. Till 11:07 am, a combined 2.03 million equity shares had changed hands and there were pending buy orders for 1.2 million shares on the NSE and BSE. In comparison, the S&P BSE Sensex was down 0.59 per cent at 58,845.

In the past one week, the stock price of RCap has surged 27 per cent, as compared to 1.2 per cent decline in the benchmark Sensex.