Anil Ambani Stock: Indian Business Tycoon Anil Ambani has several companies that have delivered substantial returns to shareholders. One of them is Reliance Infrastructure. The shares of Reliance Infra once trading at Rs 9.30 on 27th March 2020, which now has crossed Rs 200 level. Reliance Infra shares have delivered more than 2,011% of huge returns in just 4 years. Veteran investor Vijay Kedia holds 1.01% of stake in this company.
What’s the Story?
Anil Ambani’s Reliance Infra shares were once trading at Rs 2,514.35 in January 2008. The share had declined almost 99.63% to Rs 9.30 in March, 2020. However, it has now bounced back and delivered multibagger returns to shareholders in the last 4 years. Shares have given more than 2,011% in the last 4 years. It is currently trading at Rs 197.40 as of July 10, 2024.
If you would have invested Rs 10,000 in March 2020 at a price of Rs 9.30, it would’ve become Rs 2,11,100 at present.
Also Read: India’s Biggest Multibagger Stock Bringing IPO, 1,16,912% Returns in Just 4 Years
Reliance Infra Share Performance
The shares of Reliance Infra have delivered more than Infra 40% in the last 1 year. How it has offered a negative YTD return this year. It has a 52-week high of Rs 308 and a 52-week low Rs 134.75. The company has a market cap of Rs 7,655 crore.
Vijay Kedia Bought 40 Lakh Shares
Veteran investor Vijay Kedia has a lot of confidence in the stock, so he has placed a big bet on Reliance Infra shares. He holds 40 lakh shares of Reliance Infra through his firm Kedia Securities Private Limited, representing a 1.01% stake in this company.
Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information provided in this article is for educational purposes only and we do not recommend buying or selling any stocks. This information provided is only for reference purpose so we are not responsible in case investors incur any loss based on the information. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Always conduct your own research before making any investment decision or consult a financial advisor.