In a stunning reversal of fortune, at least 40 companies pulled off a comeback story, shifting from losses in FY24 to profits in FY25. Stocks of nine of these companies have rewarded investors with multibagger returns exceeding 100%. Leading this remarkable turnaround brigade is Anil Ambani-led Reliance Power, which catapulted from a staggering loss of … Read more
Shares of Reliance Power have witnessed a sharp rally in the last six trading sessions, surging 22.2% to Monday’s high of Rs 55.10 on the BSE. The stock faced some profit booking at those higher levels and tumbled to trade 1.4% lower at Rs 51.19 around 11:30 am. Reliance Power witnessed strong volumes with a … Read more
Shares of Anil Ambani-led Reliance Power surged 8.64% to Rs 43.37 on the BSE in early trade on Thursday, after the company reported a net profit of Rs 41.95 crore for the December quarter. This marks a strong rebound from a loss of Rs 1,136.75 crore during the same period last year. Meanwhile, the firm … Read more
Mumbai: Reliance Capital‘s administrator informed resolution applicants that they will need to offer at least ₹6,500 crore – pegged as the threshold bid amount – to participate in the auction for the company, said people aware of the development. The Piramal-Cosmea combine, the Group, Torrent Investment and Oaktree Capital are expected to take part in … Read more
Mumbai: The Securities and Exchange Board of India(Sebi) has imposed a total penalty of Rs 25 crore on current and former promoters of Reliance Industries Ltd (), including Mukesh Ambani, Anil Ambani, their mother, spouses and children, other family members and entities linked to them for alleged violation of takeover rules. In January 2000, RIL … Read more