Anil ambani Good days have come. This is because after a long time, Anil Ambani’s companies have started performing brilliantly, due to which the shares of these companies are bumper. In the last 3 months, there has been a unilateral rally in shares of 2 companies of Anil Dhirubhai Ambani Group (ADAG). Due to this, multibagger returns have come under the category of giving returns. Let us tell you that till now, three shares are trading close to their 52-week high levels- Reliance Power, Reliance Infrastructure and Reliance Home Finance. Let’s take a look at the performance of these companies.
Reliance Power
In the last three months, the stock has jumped by 107%. The share price has increased from Rs 34 to Rs 67.25. Recently it has touched its highest level of 52-week 76 rupees. According to the recent result, there is an increase in operating margins with an increase in operating margin (YOY).
Reliance Infrastructure
In the last three months, the share price has increased by 79%, which has increased from Rs 221 to Rs 396, with the highest level of 52-week to Rs 421. The company has improved the pure cash flow for the last 2 years. As well as profit has increased.
Reliance Home Finance
In the last three months, the stock has registered a great lead of 143%, which has increased from Rs 3 to Rs 8, which is also the highest level of 52-week. The stock has registered an increase of more than 20% in a month.
What is the reason for this boom?
Market expert says that Anil Ambani -owned Reliance ADAG Group shares have come due to a boom, strategic development, financial strength and renewed optimism among investors. The defense joint venture between Reliance Infrastructure and Rinmetal of Germany has made significant enters in India’s growing defense sector, which has increased confidence in the group’s long -term growth possibilities. Reliance Power’s change story has gained momentum after receiving 25 -year -old solar and battery storage PPA with Druk Green Power in Bhutan, which is Asia’s biggest such project.
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