Anil Dhirubhai Ambani Group (ADAG) shares are in limelight on the bourses after Reliance Capital has reported a turnaround results for the quarter end March 2012.
Reliance Capital, Reliance Infrastructure, Reliance Communications and Reliance Power are trading higher by 3-8% on the Bombay Stock Exchange, compared to less than 1% rise in benchmark index Sensex at 1332 hours.
Reliance Capital has rallied 8% to Rs 315 on reporting a consolidated profit after tax of Rs 329 crore for the fourth quarter of FY12 as against loss Rs 6 crore in a year ago period, on back of higher income on account of stake sale in Reliance Life and increase in topline of commercial finance, broking & distribution business.
Reliance Infrastructure has moved higher by 5% to Rs 459 on the Bombay Stock Exchange. The board of directors of the company will meet on May 25, to consider and approve the audited financial results of the company for the year ended March 31, 2012, and to recommend payment of dividend on equity shares. Reliance Power and Reliance Communications are up 3% each.
