RelPower, RHFL hit lower circuit limits

New Delhi: Shares of Anil Ambani-led group firms -- Reliance Power and Reliance Home Finance Ltd -- continued to hit their lower circuit limits on Tuesday after markets regulator Sebi barred the industrialist and 24 others from the securities market for five years on charges of diversion of funds.

The stock of Reliance Power tumbled 4.98 per cent to Rs31.10 -- its lower circuit limit -- on the BSE. Shares of Reliance Home Finance Ltd dropped 4.95 per cent to hit the lower circuit limit of Rs4.03. However, the stock of Reliance Infrastructure ended 0.68 per cent higher at Rs207.85. Shares of Reliance Home Finance Ltd, Reliance Power, and Reliance Communications had hit their lower circuit limits on Monday as investors continued to desert the counters. Reliance Infrastructure, Reliance Home Finance, and Reliance Power had slumped on Friday also. The stock of Reliance Home Finance and Reliance Power had hit lower circuit limits on Friday.