Afcons Infrastructure Shares Rebound After Four-Session Market Slide

Afcons Infrastructure’s share price rose sharply on Tuesday.

This happened after the shares had fallen for four days in a row.

The stock opened at ₹281 and reached ₹304.55 during the day.

Many shares were traded, which may have helped drive the movement.

Reports also said the rally followed a Reserve Bank of India decision involving Tata Sons.

That decision could help Tata Sons move toward a public listing.

Afcons is part of the Shapoorji Pallonji Group, which owns a stake in Tata Sons.

Afcons also said it had received an arbitral award worth ₹335.50 crore.

However, the company’s shares remain down significantly over the year.