Mukesh Ambani Group m-cap crosses Rs 5 tn mark
Mukesh Ambani on Monday become the first Indian to head a group of companies with a combined market value of over Rs five trillion, while his group's flagship Reliance Industries became the country's first firm crossing the capitalisation of Rs 4 ...
By PTI |
MUMBAI: Mukesh Ambani on Monday become the first Indian to head a group of companies with a combined market value of over Rs five trillion, while his group's flagship Reliance Industries became the country's first firm crossing the capitalisation of Rs 4 trillion.
RIL's share price soared above 5 per cent to close at Rs 2,827, taking its market capitalisation to Rs 4,11,041.95 crore (nearly $104.22 billion). The stock had on October 18 already crossed the Rs 4 trillion mark in intra-day trade but today is the first day it has closed above the mark.
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Combining the market cap of all three listed Mukesh Ambani group firm's, RIL, Reliance Petroleum and Reliance Industrial Infrastructure, the group's valuation crossed Rs 5,00,000-crore level for the first time, based on the closing prices of firms' scrip.
| Five richest people in the world with their net worth 1. Mukesh Ambani ($63.2 billion) 2. Carlos Slim Helu ($62.2993 billion) 3. William (Bill) Gates ($62.29 billion) 4. Warren Buffett ($55.9 billion) 5. Lakshmi Mittal ($50.9 billion) |
Reliance Petroleum is just a notch away from attaining the Rs 1,00,000 crore market cap. RPL scrip gained 9.80 per cent to end at Rs 221.90, touching a market capitalisation of Rs 99,855 crore.
Besides, Reliance Industrial Infrastructure scrip has been on a gaining spree and had continously breached its upper circuit limit everyday of this month barring a few occasions.
Today also the scrip struck its upper circuit limit with a gain of five per cent to settle at Rs 3,028.55 with a market cap of Rs 4,573 crore.
Shares of companies promoted by younger brother Anil also gained today. Reliance Communication increased 1.45 per cent at Rs 775.65, while Reliance Natural Resources surged over 10 per cent at Rs 109.90. Reliance Energy ended up three per cent at Rs 1,721.85 and Reliance Capital rose 1.85 per cent at Rs 1,854.20.
Besides, Reliance Industrial Infrastructure scrip has been on a gaining spree and had continously breached its upper circuit limit everyday of this month barring a few occasions.
Today also the scrip struck its upper circuit limit with a gain of five per cent to settle at Rs 3,028.55 with a market cap of Rs 4,573 crore.
Shares of companies promoted by younger brother Anil also gained today. Reliance Communication increased 1.45 per cent at Rs 775.65, while Reliance Natural Resources surged over 10 per cent at Rs 109.90. Reliance Energy ended up three per cent at Rs 1,721.85 and Reliance Capital rose 1.85 per cent at Rs 1,854.20.
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