RCom shares flat, stocks of other Anil Ambani group firms up
Reliance Naval rose over 24% on the BSE today and rose over 74% in the past two weeks
Even as Reliance Communications (RCom) stock remained flat on the first day of 2018 after rising continuously over the last two weeks, other Anil Dhirubhai Ambani Group (ADAG) companies rose substantially on the exchanges.
The group's shares started rising after Anil announced debt reduction plan over a week ago. The shares further found favour with the investors after Mukesh Ambani's Reliance Jio announced that it will buy RCom's wireless business. RCom shares recovered over 202% in the last two weeks.
Anil Ambani group firm Reliance Naval was up 24.87% at 1.34 pm on the BSE. The company's stock has gone up 74.43% in the last two weeks.
Reliance Power's stock went up 20% today, rising over 66% in the past two weeks.
Reliance Infrastructure stock rose over 3% today. The stock rose over 27% in the past two weeks.
While Reliance Capital's share gained over 5%, Reliance Home Finance rose 9.33% on the BSE.
The ADAG's shares also seeing volume on the exchanges.