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.
