ADAG Stocks

The Enforcement Directorate (ED) on Thursday raided several locations connected to Anil Ambani as part of its ongoing investigation into the Yes Bank loan fraud case.

Reliance Power Q3 results boost Reliance Power share price today; here's why

Sebi bans Anil Ambani news: According to a PTI report, Sebi has barred Anil Ambani, and 24 other entities, from the securities market for a period of five years

In the past one month, the stock of RInfra has rallied 105 per cent, as compared to a 1 per cent decline in the S&P BSE Sensex

Analysts attribute sudden interest in ADAG stocks to the anticipation of the company becoming more proactive and aggressive to prune its debt obligations

Despite a 50 per cent gain in May, Reliance Infrastructure continues to carry positive momentum. Now, the news of raising fund is likely to act as a positive catalyst in the near-term

The case pertains to probe that was initiated by the DRI against a few Adani group firms for alleged overvaluation of coal imports from Indonesia between 2011 and 2015

Reliance Home Finance is also looking to wind down its book and focus on the retail segment, which is valued at about Rs 4,000 crore

RCap, a part of Anil Dhirubhai Ambani Group, has been looking to monetise its assets to address its debt-related problems

Franklin Templeton, Indiabulls MF & DHFL Pramerica MF have Rs 1,418-cr exposure

Reliance Naval, Reliance Nippon Life, Reliance Home Finance, Reliance Capital, Reliance Power and Reliance Infra were down in the range of 2% to 6%, trading at their respective 52-week lows on the BSE

Reliance Naval has tanked 18% to Rs 22, also its record low on the BSE, as the company's standalone net loss widen to Rs 4,086 million in Q4FY18 from Rs 1,399 million in year ago quarter

On an average, the share price of group firms is up over 55% since mid-December