Anil Ambani Stocks: On Tuesday October 22, 2024, Anil Ambani’s company Reliance Infrastructure announced that its subsidiary company Reliance Defense Limited (Explosives), Ammunition and small arms ( Small Arms). And its effect was seen on Anil Ambani’s stocks in Wednesday’s session. Due to strong buying in the shares of Reliance Infrastructure ((Reliance Infrastructure Share Price) and Reliance Power (Reliance Power Share Price), both the stocks have hit upper circuit.
After a jump of 5 percent, the stock of Reliance Infrastructure has entered the upper circuit and the share has reached Rs 267.25 with a jump of Rs 12.70 or 5 percent. Reliance Power shares are trading at Rs 40.35 with a rise of Rs 1.92 or 5 per cent. In recent times, there has been a strong rise in the shares of Reliance Infra. The stock has given multibagger returns of 28 percent in 2024, 53 percent in one year, 92 percent in 2 years and 900 percent in 5 years. Reliance Power shares have given returns of 73 percent in 2024, 140 percent in one year and 1100 percent in 5 years.
In recent times, both the companies associated with Anil Ambani have been in the news. In September 2024, Reliance Power had said that the company has become completely debt-free. Reliance Power, as the guarantor of Vidarbha Industries Power Limited, had repaid the outstanding loan of Rs 3872.04 crore. So Reliance Infra, while repaying the loan of Rs 3831 crore, had said that now the loan of only Rs 475 crore is outstanding on the company.
On October 2, 2024, Reliance Group announced that the company will set up solar and hydropower projects in Bhutan to produce 1270 MW of electricity. Reliance Group has also formed a new company by the name of Reliance Enterprises to invest in clean and green energy sector in Bhutan.
Now Anil Ambani’s company has announced that it will set up the Largest Integrated Project for manufacturing explosives, ammunition and small arms in Ratnagiri, Maharashtra with an investment of Rs 10,000 crore. After this announcement, investors have pounced on both the listed stocks of the group.
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Anil Ambani Update: Anil Ambani’s defense company will make explosives, ammunition and small arms, will invest Rs 10000 crore
