www.livemint.com Open in urlscan Pro
2a02:26f0:10e:2a5::1833  Public Scan

Form analysis
1 forms found in the DOM

Name: form1 — #

<form name="form1" action="#"> <input type="text" name="emailSso_11623637733254" id="emailSso_11623637733254" class="inputemail" placeholder="Enter email address" onkeyup="manage(this,11623637733254)"> <input type="button"
    id="btSubmit_11623637733254" value="Subscribe" disabled="" class="subscribeBtn" onclick="ValidateEmail('emailSso_11623637733254')"> </form>

Text Content

Explore

Sign in e-paper


Friday, 30 September 2022
Stocks
Mutual Funds
News

POPULAR CATEGORIES

CompaniesMarketsTechnologyMoneyNewsMutual FundsOpinionIndustry

TRENDING STOCKS

India CementsStrides Pharma ScienceIndiabulls Real EstateMazagon Dock
ShipbuildersShilpa MedicareIndraprastha GasGujarat Pipavav PortSun Pharma
Advanced Research ComMahanagar GasAdani Transmission


Upto 20% off* on premium plans Subscribe Now
Sign In
My Account

Subscribe

Search
My Reads

e-paper
New

Notifications

Newsletters

IFSC Code Finder
New MintGenie For You
Top Sections
 * News
 * Companies
   
   * News
   * Start-ups
   * Company Results
   * People
 * Technology
   
   * Gadgets
   * Tech Reviews
   * App News
   * Foldable Smartphones
   * 5G Tech
 * Markets
   
   * Stock Markets
   * Commodities
   * Mark To Market
   * IPO
   * Live Blog
 * Money
   
   * Personal Finance
   * Q&A
   * Opinion
 * Photos
 * Mutual Funds
   
   * Mint 50 - Top Mutual Funds
   * News
 * Insurance
 * Lounge
 * Opinion
   
   * Views
   * Columns
   * Blogs
 * Budget 2022
   
   * Budget News
   * Budget Expectations
   * Budget Videos
   * Opinion
 * Auto News
 * Sports
 * Industry
   
   * Banking
   * Infotech
   * Infrastructure
   * Agriculture
   * Manufacturing
   * Energy
   * Retail
 * Videos
   
   * India Investment Summit
   * Annual Banking Conclave
   * Mint Explainers
   * Market Analysis
   * Why Not Mint Money
   * Business of Entertainment
   * Long Story Capsule
   * Mint Views
   * Start-Up Diaries
   * Money With Monika
   * Mint Insight
   * Digital Gurus
   * Brand Masters
 * Politics
 * Education
 * Impact Feature
 * Brand Stories
 * Podcast

Explore Mint
 * About Us
 * Mint Authors New
 * Contact Us
 * SITEMAP
 * Terms of Use
 * Subscriber - Terms of Use
 * Cookie Policy
 * Print Subscription
 * Privacy Policy
 * Disclaimer
 * Mint Code
 * Code of ethics
 * Mint Apps

Copyright © HT Digital Streams Limited All rights reserved.
"storyDirectUrl"
OPEN APP

 * Home
 * Latest
 * Markets
 * Premium
 * For You
 * Watchlist

Market DashboardMint SnapViewPhotosPlain FactsLong StoryMark To
MarketPrimerVideosMoneyStart-upsNewsMutual
FundsCryptocurrencyMarketsBankingPodcastsCoronavirusTechnology

Home / Markets / Stock Markets /  Why Anil Ambani's ADAG group stocks are rising
— explained


WHY ANIL AMBANI'S ADAG GROUP STOCKS ARE RISING — EXPLAINED

Premium Reliance Naval share price hit upper circuit on Friday giving around 19
per cent return to the shareholders in last five trade sessions. 3 min read .
Updated: 14 Jun 2021, 08:07 AM IST Asit Manohar

 * 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



Read Full Story


Anil Ambani companies listed at stock market scaled more than 5 per cent on
Friday hitting upper circuit as well. 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. Similarly, Reliance Naval
share price hit upper circuit on Friday giving around 19 per cent return to the
shareholders in last five trade sessions.



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. Initial trends indicate that overall
recovery will be much higher than the amount due to creditors, and thus there is
value left for the existing shareholders. This is resulting in renewed interest
in ADAG group shares."

TRENDING STORIESSee All
Premium

BANK HOLIDAYS OCTOBER 2022: BANKS TO REMAIN CLOSED FOR ...

Premium

WHY SENSEX IS UP 1,000 POINTS TODAY DESPITE RATE HIKE B ...

Premium

PONNIYIN SELVAN VS VIKRAM VEDHA DAY 1 PREDICTIONS: WHIC ...

Premium

VIRAL VULGAR VIDEO FORCES TOP APPLE EXECUTIVE TO QUIT A ...




However, Asutosh Mishra went on to add that the final outcome of their
resolution is still not clear, and hence some of these moves can be purely
speculative.



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. The ADAG group
company has significantly reduced the debt in past few years and recently
Reliance Infra board has approved raising funds of ₹550 crore from promoters and
VFSI to be utilized for long-term resources for general corporate purposes. The
fund raised will be used to fund future growth and also to reduce debt."

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. Existing
investors can hold for the target of ₹110-120 in a year with the stop loss of 55
while new accumulation can be initiated at ₹68-65 level. However, we do not
recommend over investment in this counter and advise investors to keep booking
profits in a phase wise manner."

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.
Despite 100 per cent gain in past one month, we recommend to avoid the counter
as over 94 per cent of the holding is owned by public while promoters hold mere
1.5 per cent. With negative reserves, high debt, YoY negative EPS and continuous
exit from DII are few basic reasons to stay away from this counter. Investors or
traders who have entered from lower levels can book profit at least to the
extent of capital deployed keep the balance to ride the rally with the stop loss
of slightly above daily lower circuit."

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. Company is also planning to consider raising long term funds through
equity or equity linked instruments. Reliance Power is also regularly hitting
upper circuits and is currently in overbought zone. New investment at current
pricing is not advisable and investors who are currently holding Reliance Power
stocks are advised to book profit in phase-wsie manner."

MINT PREMIUM See All
Premium

MINT EXPLAINER: FREE FOOD GRAINS COME WITH HIDDEN COSTS TOO

Premium

THE RBI IS HOLDING BACK MORE CARDS THAN IT HAS PLACED O ...

Premium

RBI ADMITS IT WILL MISS INFLATION TARGET BUT REMAINS OV ...

Premium

WHERE ARE THE STOCK MARKETS HEADED?




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. These stocks are expected to remain in
focus this week as they have delivered stellar return in the last week.


Catch all the Business News, Market News, Breaking News Events and Latest News
Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Subscribe to Mint Newsletters
* Enter a valid email
* Thank you for subscribing to our newsletter.








RECOMMENDED FOR YOU


VIRAL VULGAR VIDEO FORCES TOP APPLE EXECUTIVE TO QUIT AFTER 22 YEARS

2 min read . 30 Sep 2022
Premium


AIRLINES UNDER TATA UMBRELLA RIVALS FOR NOW: VISTARA CEO

4 min read . 30 Sep 2022
Premium


INDIA LOCKS DEAL WITH ARMENIA TO EXPORT MISSILES, ROCKETS, AMMUNITION

2 min read . 30 Sep 2022
Premium


CEREBRAL TREATED A 17-YEAR-OLD WITHOUT HIS PARENTS’ CONSENT. THEY FOUND OUT THE
DAY HE DIED

8 min read . 29 Sep 2022
Premium


GOVT COULD CONSIDER EASING EXPORT RESTRICTIONS TO SUPPORT RUPEE: REPORT

1 min read . 30 Sep 2022
Premium


TRENDING STOCKS

India Cements
269.00+23.35 (9.51%)
Strides Pharma Science
332.70+24.05 (7.79%)
Indiabulls Real Estate
77.80+5.55 (7.68%)
Indraprastha Gas
396.65-23.20 (-5.53%)
Gujarat Pipavav Port
87.20-5.05 (-5.47%)

















Feedback
Select your Category Query Suggestion
Your Message

Connect with us:
 * 
 * 
 * 
 * 

CATEGORIES

 * Money
 * Markets
 * Companies
 * Mutual Funds
 * Industries
 * News
 * Cryptocurrency
 * Auto
 * Technology
 * Budget 2022

TRENDING NOW

 * RBI Monetary Policy Live
 * Stock Market LIVE
 * Ranga Ranga Vaibhavanga
 * Flipkart Big Billion Days 2022
 * Vande Bharat Express
 * Amazon App Quiz
 * BPSC Prelims Exam
 * Multibagger Small-Cap Stock
 * US Visa Appointment
 * Cryptocurrency Prices Today
 * AP TET Results 2022

LATEST STORIES

 * National Games: Mirabai Chanu wins gold in 49k...
 * How to edit iMessages on iOS 16: A step by ste...
 * ‘Like they plundered India…’: Putin says West ...
 * HDFC hikes lending rate by 50 bps; EMIs to go ...
 * ‘Russia would defend its new territory': Putin...
 * Amazon Great Indian Festival Sale: Best deals ...
 * Air India to operate direct flights to San Fra...
 * India’s fertilizer partnerships with global su...
 * Limited Terms, Decentralisation: Key takeaways...
 * Sexually transmitted diseases/infections can c...

DOWNLOAD APP

Download the Mint app and read premium stories

 * About Us
 * Contact Us
 * Terms Of Use
 * Privacy Policy
 * RSS

 * 
 * 
 * 
 * 
 * 

Copyright © 2022 HT Digital Streams Ltd All Right Reserved
No Network
Server Issue
Internet Not Available



WAIT FOR IT…

Log in to our website to save your bookmarks. It'll just take a moment.

Yes, Continue

You are just one step away from creating your watchlist!

Login Now

WAIT FOR IT…

Oops! Looks like you have exceeded the limit to bookmark the image. Remove some
to bookmark this image.

Your session has expired, please login again.

Yes, Continue


CONGRATULATIONS!

You are now subscribed to our newsletters. In case you can’t find any email from
our side, please check the spam folder.



×

×


Get alerts on WhatsApp
Set Preferences My ReadsWatchlistFeedbackRedeem a Gift CardLogout


SUBSCRIBE TO CONTINUE

This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp