As of August 28, 2024, stocks associated with Anil Ambani’s Reliance Group displayed a mixed performance on the National Stock Exchange (NSE), reflecting varied investor sentiment across different entities.
Reliance Infrastructure Limited (RELINFRA)
In contrast, Reliance Infrastructure Limited (RELINFRA) saw a positive uptick, with shares rising by ₹5.46 or 2.63% to ₹213.25. The stock opened at ₹212.90 and reached a high of ₹215.80, reflecting a strong performance compared to its previous close of ₹207.79. This increase may be attributed to renewed investor interest and potential recovery in the infrastructure sector.
Reliance Power Limited (RPOWER)
Reliance Power Limited (RPOWER) also showed positive movement, with shares trading at ₹31.97, up ₹0.86 or 2.76%. The stock opened at ₹30.55 and peaked at ₹32.47, indicating a robust trading session. The previous close was ₹31.11, and the current price reflects a continued interest in the company’s prospects within the energy sector.
Reliance Home Finance Limited (RHFL)
Reliance Home Finance Limited (RHFL) experienced a decline, with shares trading at ₹3.80, down ₹0.20 or 5% from the previous close of ₹4.00. The stock opened at ₹3.80, hitting a low of the same price, while reaching a high of ₹3.90 during the trading session. This drop may indicate ongoing challenges for the company as it navigates the competitive financial services landscape.
Market Sentiment
The mixed performance of Reliance Group stocks today illustrates the varying market dynamics and investor sentiment surrounding Anil Ambani-led companies. While RHFL faces challenges, both RELINFRA and RPOWER are benefiting from positive market conditions and potential growth opportunities.Investors are advised to keep a close watch on these stocks as market conditions evolve and the companies navigate their respective sectors. The performance of these stocks will be crucial in determining the overall sentiment towards the Reliance Group moving forward.
Note: Stock data as on 10:19AM-10:21AM
