Economy
Afcons Infra share price rebounds 19% after four-session losing streak
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THE BRIEF
1
Afcons Infra shares surged up to 19.23% to an intraday high of ₹304.55 on Tuesday, snapping a four-session losing streak that had plunged the stock nearly 13.5%.
2
The broader Indian stock market also staged a recovery on Tuesday, ending a five-session losing streak as the Sensex surged over 400 points and Nifty climbed above the 23,500 level.
3
The stock rally followed heavy trading volume and reports that the RBI turned down Tata Sons' request to surrender its NBFC licence, paving the way for a potential public listing.