JSW Infrastructure shares rise as CEO Arun Maheshwari resigns to take new role

JSW Infrastructure's Managing Director and CEO, Arun Maheshwari, has resigned from his position but will remain as a Non-Executive Director until November 7, 2024. He is transitioning to a new role within the JSW group. Shares of JSW Infrastructure closed at Rs 323.45, up 2.83% from the previous day. The stock has seen significant gains over the past year, rising more than 90%, while the Nifty index increased by 28%. Despite recent fluctuations, the stock is still above its 200-day moving average of Rs 275, although it has dipped below its 50-day average of Rs 325 in recent trading sessions.