Good news for Anil Ambani, Stocks of these 3 companies see MASSIVE spike, shares of Reliance Infra rose by...Reliance Power secured...
Anil Ambani (File)
New Delhi: In a major development, the stock market on Friday witnessed a massive spike, which also led to a significant surge in blue-chip stocks. Amid this surge, Anil Ambani's companies also delivered impressive performances. Shares of three of Anil Ambani's companies also saw tremendous gains — Reliance Power surged by 16.48 percent, Reliance Home Finance rose by 10 percent, and Reliance Infrastructure gained 8 percent.
It is important to note that this increase was recorded at market close but during intraday trading. The stock had jumped as much as 19 percent. However, the rise in shares of these three companies had different reasons. Reliance Home Finance Share
The stock of Anil Ambani's company, Reliance Home Finance, closed at Rs 3.63 on Friday with a 10 percent upper circuit. The main reason behind this surge in the stock is the company's quarterly results—Reliance Home Finance has reported strong profits. The stock, which was at Rs 107 on 22nd September 2017, has now dropped to just Rs 3. Its market capitalization stands at Rs 175 crore.
Compared to a loss of Rs 6.75 crore in the same quarter last year, Reliance Home Finance reported a net loss of Rs 0.69 crore in the fourth quarter. For FY25, the company posted a profit of Rs 24.17 crore, whereas in FY24, it had incurred a net loss of Rs 3.55 crore. The company is currently undergoing insolvency proceedings. Here are some of the key details: Life Insurance Corporation of India (LIC) holds a significant stake in Reliance Home Finance which was approximately 4.5% as of March 2025.
LIC's presence is seen as a symbol of trust for investors.
Reliance Power has secured a major order.
Reliance Power made a preferential allotment of equity shares worth Rs 43.89 crore to two entities—Reliance Infrastructure Limited and Basera Home on May 20.
The company has received a project worth approximately ₹2,000 crore as part of a joint venture with Bhutan.
On Friday, its shares surged 16.48% to reach ₹51.94. Over the past six months, the stock has gained nearly 50%.
Its 52-week high is Rs 53.64, while the 52-week low is Rs 23.30. During intraday trading on Friday, the shares rose by as much as 19 percent Stock Surge in Reliance Infra Too
Reliance Defense entered into a strategic partnership in the ammunition sector on May 22. Reliance Defense is a company promoted by Reliance Infra, and Düsseldorf-based Rheinmetall AG. The decision marks the third major partnership for Reliance Defense.
Previously, it had signed partnership deals with Dassault Aviation, the manufacturer of Rafale jets, and France's Thales Group. Following this news, shares of Reliance Infrastructure surged 8.50 percent, closing at Rs 307.50.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
30 minutes ago
- Time of India
Steep power bill increase comes as shock for Pkl residents
Residents of Panchkula have received electricity bills showing increase of 100% to 400% for the period from mid-April to mid-May, compared to the previous year, despite minimal changes in unit consumption. While the Haryana Electricity Regulatory Commission implemented a rate increase of 20 to 30 paise per kWh/kVAh for domestic and industrial categories, an analysis of various bills reveals disproportionate charges despite marginal increase in consumption. This has had a particularly adverse effect on middle-class families, the economically disadvantaged and pensioners. S K Nayar, Citizens' Welfare Association president from Sector 15, experienced a 145% increase in charges while maintaining similar consumption. His bill rose to Rs 2,042 for 210 units, compared to Rs 833 for 216 units in April 2024. "It is a loot of public money, and a wrong step was taken. Earlier, there used to be a minimum charge, and even if you went out of the city for a few months, the bill amount would not pinch you. But they are imposing fixed charges, which have burned a hole in the pockets of the common man," he rued. Sector 25 resident Mohit Gupta received a bill of Rs 5,641 for 668.25 units, while last April's bill was Rs 2,673 for 496.23 units. Despite lower consumption previously, this year's rate increase has resulted in substantially higher charges. Sant Singh Gill, former RWA president of Sector 25, saw his bill increase to Rs 3,745, as compared to Rs 1,286 last year, representing a 191% rise in charges against a 47% increase in consumption. Analysis shows varied impacts: Cases with abnormal consumption increases saw 430% higher bills, while 38% consumption increases resulted in 111% higher bills. Even with 21% reduced consumption, bills increased by 87%. Uttar Haryana Bijli Vitran Nigam (UHBVNL) chief engineer (Operations) Chandan Singh said, "The bills have been generated as per HERC's current rates. Some may have felt bills are higher because consumption has increased. As far as fixed charges are concerned, it is a certain amount for certain uses." The 2025-26 electricity order confirms rate increases of 20 to 30 paise per kWh/kVAh for both domestic and industrial categories in Haryana.
Time of India
42 minutes ago
- Time of India
Finance ministry, RBI & NPCI tighten digital fraud safeguards
NEW DELHI: Union finance ministry, along with Reserve Bank of India and National Payments Corporation of India (NPCI), has rolled out several crucial measures to secure digital financial transactions and combat fraud, official sources said, rejecting allegations that frauds have soared. The ministry of home affairs had set up Indian Cyber Crime Coordination Centre (I4C) in Jan 2020 as the national agency for a coordinated response to all cybercrimes. The total number of digital payment frauds was 63,315, as reported by commercial banks and all India financial institutions under the specific category 'card/internet and digital payments' (for amounts involving Rs 1 lakh and above) between 2014-15 and Dec 2024 (covering a period of nearly 10 years), the sources said citing official data. The total extent of financial loss attributed specifically to these digital payment frauds during this period amounted to Rs 733.26 crore, sources said. Detailing steps taken by finance ministry, they said these included setting up of an online searchable database of frauds reported by banks - central fraud registry - by RBI to enable timely identification, control and mitigation of fraud risk. Credit discipline has been instilled through enactment of Insolvency & Bankruptcy Code, setting up of Central Repository of Information on Large Credits by RBI to collect, store, and disseminate credit data to lenders, sources added.
Time of India
an hour ago
- Time of India
CBI: Lalu forced babus to appoint those who gifted him land for jobs
NEW DELHI: as the then railway minister exerted excessive pressure on ministry officials to clear the applications of Group-D job applicants who gifted land parcels or sold them at dirt cheap rates to him and his family in exchange for railway jobs, CBI told a Delhi court Monday. Tired of too many ads? go ad free now CBI has named 102 people as accused in the land-for-railway-jobs scam. Lalu's family acquired over 1 lakh sqft of land for just Rs 26 lakh against Rs 4.39 crore circle rate of the property, it alleged. The agency stressed the fact that multiple applications were cleared the same day while there was no advertisement for the vacancies. "Look at the speed. It is such a tedious process... How can so many applications in bulk be decided instantly? No justification was given to hire substitutes," special public prosecutor DP Singh told the court. CBI alleged discrepancies in the documents submitted by those given the jobs.
