This share fell from ₹ 107 to ₹ 5, now the price has increased by 118% in a month, the company is in loss. Reliance Home Finance Ltd share

 This share fell from ₹ 107 to ₹ 5, now the price has increased by 118% in a month, the company is in loss.

 Reliance Home Finance Ltd share: There was a time when Anil Ambani was among the top billionaires of the country, but with time his wealth kept decreasing.

 Reliance Home Finance Ltd share: There was a time when Anil Ambani was among the top billionaires of the country, but with time his wealth kept decreasing. At the same time, due to huge debt, most of the companies of Anil Ambani's Reliance Group came into bankruptcy process. This had an impact on the shares of Anil Ambani's listed companies and they crashed badly. Shares of most of the companies of Anil Ambani's Reliance Group have now come in the category of penny stocks. At the same time, the ownership rights of some companies have gone to other investors. One company in this category is Reliance Home Finance. The shares of this company are below Rs 6. Let us take a look at the financial condition of Reliance Home Finance and the journey of the share.

 Anil Ambani has minor shares

 How were the December quarter results?

 Reliance Home Finance's net sales declined by more than 99 percent to a paltry Rs 0.16 crore. This is 99.89% lower than Rs 140.77 crore in the December 2022 quarter. Net loss during the quarter stood at Rs 2.56 crore. EBITDA was also negative at Rs 2.56 crore.

 Three month return

 Reliance Home Finance shares gave investors returns of more than 163 percent in a period of three months. At the same time, this stock has increased by 118 percent in one month and more than 25 percent so far this year. However, last Friday the share price was Rs 5.87 whereas on January 9 the share had touched the level of Rs 6.22. Let us tell you that this is also the 52 week high of the share. However, in the long term this stock has fallen by 95%. In September 2017, the price of this share was Rs 107.

 Note: Only share performance information is given here. This is not investment advice. Use your discretion before investing.

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