Tradersguruji

Reliance Power, Reliance Infra: ADAG stocks on a roll. What's driving them? Shares of Anil Dhirubhai Ambani Group (ADAG) companies have massively outperformed the market thus far in fiscal 2021-22 (FY22). Reliance Power, for instance, has surged a massive 192 per cent thus far in FY22 compared to 6 per cent rise in the S&P BSE Sensex during this period. The S&P BSE Mid-cap and the S&P BSE Small-cap indices have surged around 14 per cent and 22 per cent thus far in FY22, data show. Besides Reliance Power, other ADAG stocks such as Reliance Infrastructure, Reliance Communications, Reliance Capital, Reliance Home Finance and Reliance Naval and Engineering have rallied in the range of 63 per cent and 193 per cent during this period, ACE Equity data show. Analysts attribute this sudden interest in ADAG stocks to the anticipation of the company becoming more proactive and aggressive to prune its debt obligations in order to get the business back on track. “Inve...