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Reliance Stocks News
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The biggest gainer (321 per cent) was Damani, the 62- year-old chairman of Avenue Supermarts, followed by Anurang Jain and family of Endurance Tech with a rise of 286 per cent.
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Ambani said, “one thousand rupees invested in Reliance shares in 1977 is today worth Rs 16,54,503 – over 1,600 times more valuable.”
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Shares of Reliance Communications on Wednesday tanked 9.5 percent after Moody's Investors Service downgraded the company's corporate family rating and senior secured bond rating on account of weak performance and "fragile" liquidity position.
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A sell-off in Reliance Communications Ltd`s bonds accelerated on Wednesday after rating agency Moody`s cut its rating on the company deeper into junk territory, underscoring the extent of its debt woes.
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