Shares of Reliance Capital surged nearly 8 per cent, hitting 52-week high, on the Bombay stock Exchange after Anil Ambani-led company reported 15 per cent growt in consolidated net profit at Rs 238 crore during the first quarter ended June 30, 2017, from Rs 207 crore in year ago quarter.

Driven by strong Q1, shares of the company gained as much as 7.80 per cent to hit 52-week high of Rs 710.60 apiece on the Bombay Stock Exchange. The stocks were currently trading at Rs 705.30 against previous close price of Rs 659.15.

In a similar fashion, shares of the company were trading 6.82 per cent higher at Rs 704.50 apiece on the National Stock Exchange.

Meanwhile, the broader benchmark BSE Sensex was trading at 32,221.62, down 161.68 points, or 0.50 per cent, at 12:08 hours.