Anil Ambani: Following yesterday’s 5% decline Reliance Infra shares are once again suspended

Anil Ambani: After a short reopening yesterday, shares of Anil Ambani’s Reliance Infrastructure were suspended from trading once again today. The stock was down ₹8.66, or over 5%, from the previous session when it began at ₹164.54. The stock has shown significant short-term momentum despite these trading disruptions, rising by almost 27% over the last week. Its long-term performance is still under threat, however. Reliance Infrastructure has lost about 40% of its value in the last year, which is indicative of the group headed by Anil Ambani’s continuous financial difficulties and continued market concerns. Once a heavyweight in the market, the stock had earlier plunged to distressed levels before partly rebounding to roughly ₹173.20.

Over the last five years, Reliance Infrastructure shares have increased by more than 497%. Its 52-week high is ₹425, and its 52-week low is ₹127.95. The lack of positive signals from moving averages and momentum indicators indicates that any efforts at recovery may encounter significant opposition.In conclusion, Reliance Infrastructure Ltd. is going through a difficult time characterized by worsening technical indications and increased negative momentum. The Enforcement Directorate (ED), which previously frozen assets worth over ₹8,997 crore connected to the Reliance Group in connection with a ₹17,000-crore suspected bank fraud and money-laundering investigation, is the reason for the stock’s volatility. Group firms insist that Anil Ambani is not engaged in the day-to-day operations, despite the fact that he has been questioned by the ED in the past. In the September quarter, Reliance Infrastructure reported a 50% decrease in consolidated net profit to ₹1,911.19 crore.It had earned a net profit of ₹4,082.53 crore in the second quarter a year earlier.Between July and September of FY25, the company’s overall revenue dropped from ₹7,345.96 crore to ₹6,309.48 crore. Reliance Infrastructure reduced spending to ₹5,991.49 crore from ₹6,450.38 crore during the same period last year.On its own, bank debt was at “zero.”