Anil Ambani has been India’s poster boy about how to not run a business for a decade. Once one of the richest person on the planet, he declared his net worth to be 0 before a court a few years ago.
But in the last year, the stocks of his companies have done spectacularly well, with Reliance Infra and Reliance Communications delivering returns of more than 270 percent.
And something that seemed unimaginable a few years ago, the stocks of Anil Ambani’s companies actually hit the upper circuit last week.
This is because of chatter about a positive outcome from his companies under NCLT resolutions, which are due to make key financial decisions.
Positive news like this is spilling over to other companies of Anil Ambani’s group and is causing a rally in shares.