Anil Ambani’s Reliance Power Sees 3500% Growth Over Four Years Despite Financial Struggles

Anil Ambani, the younger brother of India's richest man Mukesh Ambani, is once again in the news. Actually, Anil Ambani has declared himself bankrupt. Meanwhile, the shares of Anil Ambani's company Reliance Power and Reliance Home Finance Ltd saw a great rise. The shares of both the companies have been in focus for the last few sessions.

Reliance Power Share Status

If we talk about Reliance Power shares, the company's shares have climbed more than 15 percent in the last three sessions. The company's stock rose by 5 percent and reached the upper price band of Rs 34.45. Even today the company's shares are trading with a boom. In the last five sessions, the company's stock has jumped 21.52 percent.

A few days ago, it was reported that Adani Group is planning to buy Reliance Power. After this information, the company's stock saw a rise.

Shares of Reliance Home Finance

Shares of Anil Ambani's second company Reliance Home Finance Ltd are also trading with gains today. In the last 5 sessions, the company's stock has given a return of 19.04 percent. Even today the company's stock is trading at Rs 4.69 per share.

Details of shareholding pattern

Public shareholding in Reliance Home Finance is 99.26 percent. At the same time, the Anil Ambani family, who was the promoter, has a stake of 0.74 percent. Life Insurance Corporation of India i.e. LIC has a major stake among the public shareholders. LIC holds 74,86,599 shares of Reliance Company. This is equivalent to about 1.54 percent stake.

What is a penny stock?

Let us tell you that penny stocks are shares of small publicly traded companies which are generally listed on stock exchanges at a price of less than Rs 30. Due to low liquidity, investing in penny stocks can be quite risky.

Stock market situation

Amid strong global markets, buying in financial and auto stocks led to a good rally in the local stock markets on Tuesday and the BSE Sensex rose 378 points. NSE Nifty also remained in profit. The 30-share BSE Sensex closed at 80,802.86 points with a gain of 378.18 points or 0.47 percent. At one point during trading, it had jumped to 518.28 points. The National Stock Exchange's Nifty rose for the fourth consecutive day and closed at 24,698.85 points with a gain of 126.20 points or 0.51 percent. Out of the 30 companies included in the Sensex, Bajaj Finserv, IndusInd Bank, Tech Mahindra, Bajaj Finance, Kotak Mahindra Bank, Axis Bank, NTPC and Sun Pharma were the main gainers.

Ambani's stock reaches 52-week high

Since the beginning of the trading session on Thursday, Reliance Power's stock has been witnessing a rise. In the morning, it opened at Rs 37.97, which is its 52-week high. However, after some time, the stock declined due to profit booking and it was seen trading near Rs 37. In the last three trading days, there has been an upper circuit in the stock of the younger Ambani's company. Along with this, the company's stock has climbed by about 23 percent in the last five trading sessions. Last Thursday, the stock closed at around Rs 30.

Market cap reaches Rs 14,838 crore

With the rise in the stock, the market cap of the company is also increasing continuously. On Thursday afternoon, it increased to Rs 14,838 crore. The stock climbed to a 52-week high of Rs 37.97 in today's (August 22) trading session. While the 52-week low of the stock is Rs 15.53. A year ago on August 22, the stock was trading at Rs 17. In this way, the stock has gained more than 110 percent in a year.

More than 3500 percent return in four years

There was a time when the share of Reliance Power was at Rs 1.13 on March 27, 2020. But now it is witnessing a steady rise. Whoever would have invested in the stock at that time and maintained his investment, today he has a return of more than 3500 percent in just four years. In simple terms, the investment of one lakh rupees made at that time has increased to around 35 lakhs today. But the condition for this is that the person concerned should not have sold his shares.

Mukesh Ambani vs Anil Ambani

Anil Ambani, the younger brother of India and Asia's richest man Mukesh Ambani, was once counted among the top rich people of the country. According to a report published by Forbes India in 2007, Anil Ambani's net worth was 45 billion dollars. At that time, he was the third richest man in the country. But today his net worth is zero. Mukesh Ambani is at number 11 in the list of the world's richest people with a net worth of 113 billion dollars. This year, his net worth has increased by 16.4 billion dollars.