Reliance Infra, Reliance Power sink up to 19% in 6 sessions amid Rs 17,000 cr loan fraud probe

Reliance Infra, Reliance Power sink up to 19% in 6 sessions amid Rs 17,000 cr loan fraud probe

Shares of Reliance Infrastructure and Reliance Power have tumbled up to 19% over the past six trading sessions amid an ongoing investigation into an alleged Rs 17,000 crore loan fraud involving the Anil Ambani-led companies. On Wednesday, Reliance Infrastructure shares dropped over 4% to the day’s low of Rs 267. Meanwhile, Reliance Power shares fell … Read more

Comeback kings! Reliance Power, Reliance Infra among 40 turnaround stories of FY25. Watchlist material?

Comeback kings! Reliance Power, Reliance Infra among 40 turnaround stories of FY25. Watchlist material?

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

Reliance Infra to raise Rs 2,390 crore via FCCB issue

Reliance Infra to raise Rs 2,390 crore via FCCB issue

Indian Railway Finance Corporation Share Price 155.34 03:59 PM | 1 Oct 2024 -3.38(-2.13%) Suzlon Energy Share Price 79.74 03:59 PM | 1 Oct 2024 -0.32(-0.39%) Indian Renewable Energy Development Agency Share Price 230.91 03:59 PM | 1 Oct 2024 -3.97(-1.7%) Tata Motors Share Price 965.2 03:59 PM | 1 Oct 2024 -9.45(-0.97%) YES Bank … Read more

Rs 45,000 crore-bet! YES Bank among top 9 FII stock picks in Q3. What should investors do?

Rs 45,000 crore-bet! YES Bank among top 9 FII stock picks in Q3. What should investors do?

NEW DELHI: Foreign institutional investors or FIIs are estimated to have splurged about Rs 44,700 crore in 9 stocks during the December quarter. The shopping list is dominated by bank stocks – , and YES Bank. During the quarter, FIIs nearly doubled their shareholding in retail favourite YES Bank from 12.15% to 23.24%. Calculations done … Read more