The Anil Dhirubhai Ambani Group or ADAG group share Reliance Infra hit its 52-week high on 11th June and gave more than 15 per cent profit to its share holders last week.
Speaking on the reason for rise in Anil Ambani’s ADAG group shares Asutosh Mishra, Head of Research – Institutional Equity at Ashika Stock Broking said, “Many firms under the NCLT resolution of Anil Ambani are going to vote and make financial decisions in the next few weeks.
Commenting upon the Reliance Infra share price rally; Sandeep Matta, Founder at TRADEIT Investment Advisor said, “The stock has given stellar returns in past 2 months and management seems geared up to improve fundamentals.
On his suggestion to the share market investors and traders in regard to Reliance Infra shares Sandeep Matta added, “Technically, the stock is in overbought zone and a sizeable correction is expected in short-term.
Speaking on Reliance Capital share price rally; Sandeep Matta, Founder at TRADEIT Investment Advisor said, “Counter is hitting upper circuit on regular basis from past few days on account of its plan to reduce debt of over ₹9000 crore related to its 100 per cent subsidiary Reliance Commercial Finance.
On the reason for Reliance Power share price rally and its outlook Sandep Matta of TRADEIT Investment Advisors said, “Like other ADAG group of companies, Reliance Power has also delivered over 100 per cent return in last one month and more than fundamental it’s a spill over impact of positive news in one company to another.
For information to the readers Anil Ambani’s ADAG has six listed companies that are Reliance Infra, Reliance Power, Reliance Capital, Reliance Naval, Reliance Communication and Reliance Home Finance.