New Delhi: Debt-ridden industrialist Anil Ambani’s fortunes are now turning around. The shares of his companies are seeing a huge surge on the first day of the month. Reliance Power’s stock has been hitting the upper circuit for the past several days. As soon as the market opened today, it again got stuck in the upper circuit. The stock opened at Rs 51.10 today with a gain of 5 per cent. This is its highest level in 52 weeks. With this, the company’s market cap has crossed Rs 20,526.72 crore. With this, Reliance Infrastructure’s stock also rose by more than one per cent to reach Rs 342.00.
Meanwhile, the domestic stock market is seeing a rise in early trade today. In the last session, the market fell sharply due to profit booking by investors. On Tuesday, the Sensex rose by more than 300 points in early trade while the Nifty also jumped by about 85 points. HDFC Bank, Infosys, ICICI Bank, Reliance Industries, Axis Bank and Tech Mahindra rose while Asian Paints, JSW Steel, Bajaj Finance, Tata Steel and HUL opened with a decline.
