On March 26, 2025, shares belonging to the Anil Dhirubhai Ambani Group (ADAG) experienced a remarkable rise, with stocks like Reliance Power and Reliance Infrastructure jumping over seven percent. This surge comes as a surprise amid a generally cautious atmosphere in the Indian stock market. Analysts attribute this upward trend to IIHL’s recent acquisition of Reliance Capital for ₹9,650 crore, significantly boosting investor confidence in the Ambani conglomerate.

ADAG Stocks Show Strong Performance

• Reliance Power saw an impressive 11 percent increase during intraday trading.
• Reliance Infrastructure shares rose by 10 percent.
• Reliance Capital also enjoyed a 2 percent uptick.

ADAG stocks represent the publicly traded shares of companies under the leadership of Anil Ambani, the younger brother of billionaire Mukesh Ambani. This group is well-known for its influence in various sectors, particularly in power generation.

Recent Trends in Reliance Power and Infrastructure

Reliance Power, previously known as Reliance Energy Generation Ltd, has shown significant fluctuations over the past year. While its shares have surged 13.35 percent in the last month, they have faced a 12 percent decline year-to-date. However, over the past year, the company has delivered 43 percent growth, making it a substantial player in India’s private power generation sector. Investors have benefited significantly, with returns of 203 percent over the last two years.

Reliance Infrastructure, on the other hand, has also performed well with a 14 percent monthly increase, although it has seen a 21 percent decline year-to-date. This company is a significant stakeholder in Reliance Power and has provided investors with a 134 percent return over the last three years.

Reasons Behind the Surge

The recent rally in ADAG stocks can be primarily attributed to the successful acquisition of Reliance Capital by IIHL. According to Sugandha Sachdeva, Founder of SS WealthStreet, “With IIHL’s successful takeover and the clearing of outstanding debts, investor sentiment has markedly improved.” This acquisition has not only restored confidence among shareholders but has also led to a notable increase in trading volumes, reflecting a renewed optimism about the future prospects of the Ambani group.

Market Context

Despite the positive movement in ADAG stocks, the broader market faced challenges. The Sensex and Nifty 50 indices saw a decline as profit-taking activities emerged among investors ahead of anticipated U.S. tariff announcements. The BSE Sensex fell by 728 points, a drop of 0.93 percent, closing at 77,288.50. The NSE Nifty also decreased by 181.80 points or 0.77 percent, settling at 23,486.85.

• The market had previously enjoyed a seven-day winning streak, with the Sensex gaining 4,188.28 points and the Nifty rising by 1,271.45 points during that period.
• The mid-cap and small-cap sectors faced declines, dropping 0.6 percent and 1.1 percent, respectively.

In summary, while the ADAG stocks made significant gains thanks to strategic acquisitions and strong investor sentiment, the overall market sentiment remained cautious, leading to a mixed performance across other sectors.