Anil Ambani
Even though Anil Ambani’s days are not going so well. Even though they are facing regulatory challenges, sometimes some good days come their way. The day of Karva Chauth was also seen as one of such good days. When there was a huge rise in the shares of his favorite company Reliance Power. For example, when the company’s shares opened, they were seen in the red. But within 45 minutes, the company’s shares gained such momentum that the valuation increased by Rs 2,754 crore in one stroke.
Along with this, the pockets of retail investors of the company were also filled. According to the information, about 7 crore equity shares of the company were transacted, while its average transaction volume of one week and one month is 2 crore shares.
Last week, the company had received a show cause notice from SEBI in matters related to CLE Pvt Ltd. This issue stems from previous risks and disclosures related to CLE. The company has denied any existing financial ties, although the regulatory investigation has attracted market attention. Let us also tell you what kind of figures are being seen for the company’s shares.
Stormy rise in company’s shares
There is a stormy rise in the shares of the company in the stock market on Friday. Within just 45 minutes the company’s shares jumped by 15 percent. If we look at the data, the company’s shares opened with a slight fall at Rs 44.05. After that the shares of the company appeared in this range for 10 minutes. But later the shares of the company seemed to have gained wings. If we look at the figures, the company’s shares reached Rs 50.70. However, a day earlier the shares of the company had closed at Rs 44.45. If experts are to be believed, there may be ups and downs in the company’s shares in the coming days.
Company’s valuation also increased
On the other hand, there has been a big increase in the valuation of the company. When the company’s shares opened at Rs 44.05. Then the valuation of the company was Rs 18,244.49 crore. Which came to Rs 20,998.77 crore when the company’s shares reached Rs 50.70 around 10 am. This means that there has been an increase of Rs 2,754.28 crore in the valuation of the company. However, after a long time the valuation of the company has crossed Rs 20 thousand crores.
How was the performance in the first quarter?
Anil Ambani-led Reliance Power had achieved a profit of Rs 44.68 crore in the first quarter of FY 26. Which is a significant improvement from the loss of Rs 97.85 crore in the same quarter last year. Revenue declined 5.3 per cent YoY to Rs 1,885.58 crore, down from Rs 1,992.23 crore in Q1FY25, and down 4.7 per cent QoQ to Rs 1,978.01 crore, down from Rs 1,978.01 crore in Q4FY25. Total income in the first quarter of FY26 was Rs 2,025 crore, which is 2 percent less than Rs 2,069 crore a year ago. Despite improvement in profits year-on-year, net profit fell 64 per cent quarter-on-quarter from Rs 125.57 crore in the March quarter.