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The stock quoted a 52-week high price of Rs 2506.35 and a 52-week low of Rs 1490.0.

A total of 328,584 shares changed hands on the counter till 01:26PM (IST)

Following the update, shares of TTK Prestige zoomed 20 per cent, its daily circuit limit, to hit Rs 10,586, its new 52-week high.

Reliance shares are trading at about 27 times of its 12-month forward earnings estimate, more than two standard deviations above its 10-year average, according to data compiled by Bloomberg.

As of 30-Jun-2021, promoters held 52.63 per cent stake in the company, while FIIs held 26.15 per cent and domestic institutional investors had 9.39 per cent.

Over the past two weeks, there has been consistent buying in the 20,000 strike price Call option of the index with open interest rising 63 per cent. The premium, the price a trader pays to buy the option, of the same strike price has risen 39 per cent in the same period to Rs 122 as of Monday.

As of 30-Jun-2021, promoters held 0.0 per cent stake in the company, while FIIs held 18.61 per cent and domestic institutional investors had 2.57 per cent.

A total of 11,124 shares changed hands on the counter till 12:40PM (IST)

“The market wants to ride the companies neglected so far and that is what is happening with Tata Power. The fundamentals are in place and maybe the perception of the market has started changing for the better.”

The Nifty Realty index was trading 2.5 per cent down at 528.25.