Stocks of Anil Ambani's companies are in the news, even today investors are buying shares in large numbers
For the last few sessions, shares of Anil Ambani's Reliance Power and Reliance Home Finance Ltd have been in the news. Actually, the shares of both these companies have seen a rise. In the last 5 sessions, shares of Reliance Power have risen by 21 percent and shares of Reliance Home Finance have risen by 19 percent.
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Anil Ambani, the younger brother of India's richest person Mukesh Ambani, hit headlines once again. Actually, Anil Ambani declared himself bankrupt. Meanwhile, stock prices of Reliance Power and Reliance Home Finance Ltd — both companies belonging to Anil Ambani — surged suddenly. The shares of both companies had been buzzing for the last few sessions.
Talking about Reliance Power shares, the company's shares rose more than 15 percent in the last three sessions. The stock of the company rose 5 percent and reached the upper price band of Rs 34.45. Even today the company's stock is trading with gains. In the last five sessions, the company's stock jumped 21.52 percent.
Just a few days back, there had been a rumor that the Adani Group was ready to acquire Reliance Power. Its stock started rising immediately after the news spread.
Shares of Anil Ambani's other company Reliance Home Finance Ltd are also trading with gains today. The company's stock has given a return of 19.04 percent in the last 5 sessions. Even today, the stock of the company is trading at Rs 4.69 per share.
