Srei Infrastructure Finance has surged over 7% at Rs 36.60 on back of heavy volumes on reports that the non-banking finance company has received the Certificate of Registration for floating Srei Mutual Fund, the Infrastructure Debt Fund, from the Securities and Exchange Board of India.
The stock opened at Rs 34.80 and hit a high of Rs 37 on the BSE. A combined 10.55 million shares have changed hands on the counter so far against an average sub 2 million shares that were traded daily in past two weeks.
