Good news for Anil Ambani, Stocks of these 3 companies see MASSIVE spike, shares of Reliance Infra rose by...Reliance Power secured...
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.
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