The Reliance Naval and Engineering stock rose to its fresh 52 week high in early trade, extending gains from Monday's trade. The stock hit 72.60 level within minutes of the market opening, its yearly high on the second trading day of the new year.
At 10:50 am, the stock was trading 0.38 percent or 0.25 points higher at 65.40 level. The stock which belongs to the ADAG pack of shares logged the maximum volume on the BSE.
The stock saw the maximum number of trades (33,290) and logged a turnover of Rs 6,320 lakh in morning trade.
The stock closed 8.44 percent or 5.5 points lower at 59.65 level.
On Tuesday, the stock closed 38 percent or 19 points higher to 68.30 on the BSE. Reliance Naval and Engineering Limited, formerly Reliance Defence and Engineering Limited, rose 38.68% or 19 points to 68.30 on the BSE.