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RCap, RPower: Anil Ambani stks are hitting upper circuits. What lies ahead?

Reliance Infrastructure has decisively crossed the 200-day moving average (DMA), as per the daily chart.

Topics
Anil Ambani | circuit limits | Reliance Captial

Avdhut Bagkar  |  Mumbai 

A number of Anil Ambani-led companies' stocks have been hitting their upper circuit limits or hovering around their upper price bands during the past few sessions. On Tuesday, too, the trend was no different.

For instance, Reliance Power was frozen at 5 per cent upper circuit limit of Rs 3.75 on the BSE while Reliance Communications was locked at Rs 2.10 - the 10 per cent upper circuit. Reliance Infrastructure was hovering around its 10 per cent upper circuit band at Rs 27.50 whereas Reliance Capital was still at Rs 10.97, its 5 per cent upper circuit limit. In comparison, the ...

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First Published: Tue, December 08 2020. 10:28 IST
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