Simplex Infrastructures, engaged in construction and infrastructure business, witnessed a sharp rise in share price on Friday after the Reliance Capital Mutual Fund A/C Rel Tax Saver (ELSS) Fund bought 10 lakh shares of Simplex Infrastructures at Rs 275 each on NSE.

Shares were acquired from BNP Paribas Arbitrage, which sold 4.22 lakh shares of Simplex Infrastructures at Rs 275 each on the NSE. The Master Trust Bank Of Japan HSBC Ind Equity Mother Fund also sold 3.06 lakh shares of Simplex at Rs 275 each.

Shares of the company are trading at Rs 304.50, up Rs 29.25, or 10.63% at the Bombay Stock Exchange (BSE) on Friday at 11:40 a.m.

The scrip has touched an intra-day high of Rs 310.75 and low of Rs 285. The total volume of shares traded at the BSE is 68,966.