Stock Market Today, Dec. 10 -- Religare Enterprises Limited (REL) shares surged nearly 10 per cent to a fresh 52-week high of Rs.304.60 on Tuesday, December 10 following the Reserve Bank of India's (RBI) approval to the Burman family to increase their stake in the company.

Burman family plans to raise its stake in the company from 25 per cent to 51 per cent via an open offer.

Following this announcement, Religare Enterprises share price was trading in the green, up 4.21 per cent at Rs.289.30 at 1:59 pm on the BSE. The stock surged as much as 9.6 per cent in intra-day deals. The company enjoys a market capitalisation of Rs.9,555.44 crore.

The stock of Religare Enterprises surpassed its earlier peak of Rs.297, recorded on October 1, 2024...