Latest news with #RelianceHomeFinance
India.com
25-05-2025
- Business
- India.com
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.
India.com
24-05-2025
- Business
- India.com
Anil Ambani strikes gold as shares of THIS Reliance Group company hit 'upper circuit', the company is..., stock price rises to...
Anil Ambani (File) Anil Ambani, the 'less successful' younger brother of Asia's richest man, Mukesh Ambani, has witnessed a remarkable turnaround of fortunes in the current financial year, and this trend continued at the stock market this week as shares of three Reliance Group companies witnessed a strong uptick on the last day of the trade week on Friday. Reliance Home Finance shares hit 'upper limit' According to market data, the share prices of Reliance Home Finance, hit the upper circuit of 10 percent, while Reliance Power stock was up 16.48 percent and Reliance Infrastructure closed up at around 8 percent. Reliance Home Finance shares, which opened at Rs 3.29, closed at Rs 3.63, up 10 percent at the end of day. The Reliance Group company, which is valued at around Rs 175 crore, recently announced its quarterly results, revealing that its net loss had reduced to Rs 0.69 crore in the fourth quarter, against Rs 6.75 crore at the same time last year. The company registered a profit of Rs 24.17 crore in FY25, against a net loss of Rs 3.55 crore in FY24, according to its Q4 results. Notably, Reliance Home Finance stock prices had once hit a peak of Rs 107, but fell to a paltry Rs 3 apiece due to various factors. However, the company's shares jumped 10 percent on Friday, closing a Rs 3.63 apiece. Reliance Home Finance resurgence Reliance Home Finance, a subsidiary of Anil Ambani-led Reliance Capital, peaked in September 2017 when its share traded at Rs 107 apiece, but the company's stock plunged to Rs 3 in 2024, a decline of over 97%, primarily due to financial challenges, rising NPAs, and the bankruptcy process of Reliance Capital under the National Company Law Tribunal (NCLT). Notably, Reliance Capital is currently undergoing bankruptcy proceedings under the NCLT. Reliance Capital was acquired by Hinduja Group's IndusInd International Holdings Limited (IIHL), with Chairman Ashok Hinduja announcing that the government has approved increasing the group's stake in the bank from 15% to 26%. Once approved by IRDAI, the the outstanding amount will be repaid to the lenders of Anil Ambani's Reliance Group, he said.
Business Standard
23-05-2025
- Business
- Business Standard
Reliance Home Finance reports standalone net loss of Rs 0.69 crore in the March 2025 quarter
Reported sales nil Net Loss of Reliance Home Finance reported to Rs 0.69 crore in the quarter ended March 2025 as against net loss of Rs 6.75 crore during the previous quarter ended March 2024. There were no Sales reported in the quarter ended March 2025 as against Rs 0.18 crore during the previous quarter ended March 2024. For the full year,net profit reported to Rs 24.17 crore in the year ended March 2025 as against net loss of Rs 3.55 crore during the previous year ended March 2024. Sales declined 64.52% to Rs 0.22 crore in the year ended March 2025 as against Rs 0.62 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 00.18 -100 0.220.62 -65 OPM % 0-2944.44 - -1468.18-380.65 - PBDT -0.69-6.75 90 -4.13-3.81 -8 PBT -0.69-6.75 90 -4.13-3.81 -8 NP -0.69-6.75 90 24.17-3.55 LP
