
In a major boost for investors of Anil Ambani-led Reliance Group the shareholders of the groups little-known Reliance Home Finance has have earned a return of 133 percent on their investment in just month. According to data from the Bombay Stock Exchange (BSE) Reliance Home Finance shares which were trading below Rs 10 a little while ago have surged by 133.03 percent in a single month gaining 18.86 percent in the past week and an impressive 51.08 percent over two weeks. The stock of Reliance Home Finance has significantly outpaced the more prominent firms of Anil Ambani-led Reliance Group such as Reliance Power and Reliance Infrastructure. As per data investor have received one-month return of 133.03 per cent compounded by a three-month surge of 149.68 percent and six-month appreciation of over 101 percent. Why Reliance Home Finance stock has surged rapidly? According to analysts speculative interest short-term momentum and low base effect could be among the factors driving the rise of the stocks even as the company has not publicly announced any significant turnaround in recent months. Currently the market capitalisation of Reliance Home Finance stands at Rs 372.63 crore. Meanwhile despite its golden run the company lacks a Durability Score making it ineligible due to weak or inconsistent financials as per Trendlyne data. Analysts have also warned that the companys stock is currently in the P/E Sell Zone which means it traded below its current P/E ratio of 15.3 nearly 80 percent of the time indicating that most of the immediate upside could already be priced in. Reliance Infra scripts history Meanwhile Anil Ambani-led Reliance Infrastructure achieved a historic milestone in Indias defense sector by becoming the first private firm to independently carry out a complete upgrade programme of a military aircraft without an original manufacturer (OEM). According to details Anil Ambani-led Reliance Infra has successfully upgraded 55 Dornier-228 aircraft under a contract signed with state-owned Hindustan Aeronautics Limited (HAL) in which US-based Genesys Aerosystems was also a technical partner. The initial contract was for 37 aircraft but Reliance Infra secured another order for 18 more Dornier-228 upgrades after successfully completing the first order.
-
Minnesota politician shooting suspect pictured as cops find list of names
-
Pigeon Fest 2025: New Yorkers flock to absurd pigeon pageant with important ecological message
-
When you can get £2,500 driving fine and ban 'for not even starting engine'
-
Goa's 'taxi mafia': What tourists need to know
-
DIY expert names 'easiest' and most 'effective' ways to clean your patio