Jackpot for Anil Ambani as these three Reliance's shares go sky-high, their names are...
Anil Ambani (File)
Anil Ambani hits jackpot: We all know about the highs and lows that Mukesh Ambani's brother and Dhirubhai Ambani's son, Anil Ambani has experienced in his lifetime. Ranging from the SEBI conflicts and share prices fall, Anil Ambani's Reliance Group has seen many lows. However, the recent events have been historically positive for the company. Here are all the details on the recent jackpots for Anil Ambani's Reliance Group.
On one hand, Reliance Infrastructure, a Reliance Infrastructure Limited promoted Reliance Defence Limited signed a landmark deal for India's defence infrastructure development with Germany's Diehl Defence, and on the other hand, the shares of Reliance Power, Reliance Infrastructure, and Reliance Home Finance have all experienced strong demand, bringing a massive good news for Anil Ambani. Massive good news for Anil Ambani
In a matter of great news for Anil Ambani, the shares of several Reliance Group companies have seen significant gains over the past three months. The share price of Reliance Power surged from Rs 34 to Rs 70, marking a 107% rise, and is currently trading at Rs 67 after hitting a 52-week high of Rs 76.
Additionally, the share prices of Reliance Infrastructure rose nearly 80%, from Rs 221 to Rs 396, before easing slightly below Rs 380, having touched a 52-week high of Rs 421. Meanwhile, Reliance Home Finance delivered the most dramatic rally, jumping from Rs 3 to Rs 8—a 143% increase. Milestone for Anil Ambani
Anil Ambani achieved another milestone this months when Reliance Infrastructure, a Reliance Infrastructure Limited promoted Reliance Defence Limited signed landmark deal for India's defence infrastructure development. The Anil Ambani led company signed a deal with Germany's, Diehl Defence for the production of next-generation Terminally Guided Munitions (TGM).
As per the press release issued by the company, Reliance Defence and Diehl Defence will be doing local production of state-of-the-art, Vulcano 155 mm Precision Guided Munition system, which would cater to needs of the Indian Armed Forces. Vulcano 155 mm Precision Guided Munition system
The release also said that the advanced munition system will incorporate state-of- the-art, laser and GPS-guided targeting technology, enhancing precision striking capability, while ensuring high- impact accuracy for designated targets.
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