Snehal khanna Blog

RCom, Reliance Home Finance, Reliance Nippon Life, Reliance Capital, Reliance Infra, Reliance Naval and Reliance Power were down in the range of 8% to 11%. LATEST NEWS :  Shares of Anil Ambani-controlled Reliance Group companies (ADAG) remained under pressure by falling up to 15% on the BSE in intra-day trade. Reliance Communications (RCom)    , Reliance Home Finance, Reliance Nippon Life Asset Management, Reliance Capital, Reliance Infrastructure,  Reliance Naval and Engineering and Reliance Power were down in the range of 8% to 15% on the BSE. At 02:22 PM; the S&P BSE Sensex was down 0.63% at 32,734 points. RCom touched a new low of Rs 9.75, down 15% on the BSE. In the past three trading sessions, the stock tumbled 30% after the company posted a consolidated loss of Rs 3,919 crore in first half (April – September) of the current financial year 2017-18. It had posted a net profit of Rs 152 crore in the same period of FY17. Thus far in the c...

The stock listed at Rs 296, a 17% premium against its issue price of Rs 252 on the NSE. It was listed at Rs 294 on the BSE. LATEST NEWS :  Reliance Nippon Life Asset Management (RNLAM) made a strong debut on the bourses by listing at a 17% premium against its issue price of Rs 252 on the National Stock Exchange (NSE). The stock listed at Rs 294 on the BSE (the Bombay Stock Exchange). At 10:02 AM; the stock was trading at Rs 282 on the BSE and NSE after hitting a low of Rs 278 post its listing. A combined 16.03 million shares changed hands on the counter on the BSE and NSE so far. The company's Rs 1,540 crore initial public offer (IPO) got a strong demand in all the three investor categories. The IPO was oversubscribed 81.54 times at the close of the bidding, with bids for 3,493 million shares, worth Rs 88,023 crore, data available with the stock exchanges showed. The portion of company’s IPO reserved for non-institutional investors was subscribed 209 times wh...