Share market crash, but Anil Ambani is making a lot of money even in the falling market
Anil Ambani Networth: As soon as the debt has been reduced, the shares of Anil Ambani's companies have come alive. The shares of the company are rising like a rocket in the falling market.
Reliance Power Share: After a strong rise last week, when the stock market opened on the last trading day of September, it fell by 700 points. By 11:30 am, the Sensex had fallen by 1000 points. As soon as the market opened, the BSE with 30 shares fell by 700 points, while the National Stock Exchange's Nifty fell by 140 points. On the first trading day of the week, the Sensex fell to 85,207 points. Nifty fell to 25,967.20. In the falling market, while big stocks crashed, Anil Ambani's power share is rising rapidly.
The magic of Anil Ambani's shares
Even amidst the falling market, shares of Anil Ambani's company Reliance Power and Reliance Infrastructure are showing a rise. In the initial trading itself, the shares of Reliance Power rose by +4.57% to reach 48.48. Shares of Reliance Power have been rocketing for the last 9 trading days. RPower shares are hitting upper circuits. The share which closed at Rs 46.36 on Friday, reached Rs 48.48 as soon as the market opened on Monday.
Reliance Infra is also showing amazing performance
Shares of Anil Ambani's infrastructure company are also performing well. Shares of Reliance Infra rose more than 1.5% to Rs 333.65 in early trade on Monday. With this rise, the market cap crossed Rs 13,000 crore. Let us tell you that the 52-week high of Reliance Infra is Rs 350.90.
Where did you get the good news from?
Reliance Power started getting orders as soon as it became debt-free. After which the shares of RPower are continuously hitting the upper circuit. Recently, Reliance Power's subsidiary company Rosa Power paid a loan of Rs 850 crore to Singapore-based lender Verde Partners ahead of time. The company completed the liability of Rs 3872 crore related to the guarantor for Vidarbha Industries Power. The company recently received an order for 500 MW battery storage. Investors are increasing their investment in RPower. The company's shares are getting the benefit of this. Recently, the Calcutta High Court ruled in favor of Anil Ambani's company in the Rs 780 crore dispute case with Damodar Valley Corporation. The company is getting the benefit of all this. By reducing the debt, Anil Ambani is now focusing on the expansion of the company. Recently he talked about entering the EV sector. The company also started a new venture.