New Delhi, July 7 -- The turnaround in Anil Dhirubhai Ambani group (ADAG) stocks - Reliance Power and Reliance Infrastructure - was not just limited to companies' financials but rubbed off on shareholders' wealth. From the brink of bankruptcy, both ADAG stocks have rebounded to profitability, helped by effective debt reduction and favourable sectoral dynamics.

Reliance Power cleared Rs.3,872 crore in obligations as a guarantor for Vidarbha Industries Power Ltd, eliminating most of the related debts and corporate guarantees. Meanwhile, Reliance Infrastructure significantly reduced its standalone external debt from Rs.3,831 crore to Rs.475 crore.

Reliance Power share price has surged 125% from Rs.29 to above Rs.65 levels. Meanwhile, Relia...