New Delhi: Reliance Industrial Infrastructure share: Shares of Reliance Industrial Infrastructure were in focus during trading on Monday 23 September 2024 as the companys shares hit an upper circuit of 20% and reached an intraday high of Rs 1393.25. In an exchange filing on Friday September 20 the company said it had received an order dated September 19 2024 from the office of the state tax officer in Jamnagar Gujarat under section 74 of the Central Goods and Services Tax Act 2017 and the Gujarat Goods and Services Tax Act. 2017 a fine of Rs 159810 was imposed. What did the company say? The order has been passed alleging wrongful availing of input tax credit by the company. The company intends to file an appeal against the order. The financial impact of the order is to the extent of the penalty imposed the company said in its regulatory filing. There will be no impact on operations. Meanwhile todays rally was the biggest intraday jump for the stock in 2024. Reliance group company is mainly active in the business of setting up and operating industrial infrastructure. Its main activities are transportation of petroleum products and raw water through its pipelines providing construction machinery on rental and other infra support services. The company has operations primarily in Mumbai and Rasayan areas of Maharashtra Surat and Jamnagar belt of Gujarat. What do experts say? Analysts are positive on this stock. RIIL is one of the subsidiaries of Reliance Industries. Long-term investors can add this stock to their portfolio said Kranti Bathini director of equity strategy at WealthMills Securities pvt Ltd. Technically immediate support on the counter will be at Rs 1265 followed by Rs 1250 levels. On the upside resistance can be seen above Rs 1400. According to this till now this share has increased by 4500%. RIIL is led by Mukesh Ambani Chairman of Reliance Industries Limited (RIL).