Anil Ambani strikes gold as shares of THIS Reliance Group company hit ‘upper circuit’, the company is…, stock price rises to…

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.

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