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Moneycontrol India :: News :: Ambani bros make hay while Sensex shines :: Indian Petrochemicals Corporation :: Market Edge :: Reliance Industries,Reliance Petroleum,Reliance Industrial Infrastructure,Indian Petrochemicals Corporation,Reliance Communications,Reliance Capital,Reliance Energy,Reliance Natural Resources
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Ambani bros make hay while Sensex shines
2007-09-22 13:34:19 Source : Moneycontrol.com
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It was yet another spectacular day for the Reliance group companies in terms of wealth creation, be it the Mukesh Ambani camp or Anil Dhirubhai Ambani Group (ADAG) companies. All the group companies have been doing extremely well over the past one-month and have added enormous wealth to their investors. 

Mukesh Ambani's Group Reliance Petroleum and Anil Ambani’s RNRL were the star performer in today's trade, they have surged up 11% and 35% respectively.

Today the total market cap for Mukesh Ambani's Group stands at Rs 401,800 crore and ADAG stands at Rs 190,700 crore. If we consider the combined market cap then they have added Rs 26238 crore in a single day compared with yesterday's close.

Mukesh Ambani's Group

 

 

Company

Last Price

% Chg *

Mkt Cap (Rs Cr.)

Increase in Mkt Cap #

21-09-07

20-09-07

RIL

2,274.40

3.75

316,939.91

 305,471.30

11468.61

Rel Petro

154.95

11.60

69,727.50

   62,482.50

7245.00

Rel Ind Infra

1,043.10

10.00

1,575.08

     1,431.93

143.15

IPCL

450.85

4.40

13,557.06

   12,985.73

571.33

Total Market Cap

401,799.55

 382,371.46

19428.09

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Anil Ambani's Group

 

 

 

 

Company

Last Price

% Chg *

Mkt Cap (Rs Cr.)

Increase in Mkt Cap #

21-09-07

20-09-07

Rel Comm

579.35

2.28

118,455.06

 115,817.50

    2,637.56

Rel Capital

1,541.90

1.99

37,873.69

   37,135.57

       738.12

Rel Energy

1,009.60

2.22

23,072.39

   22,571.91

       500.48

RNRL

76.7

35.04

11,298.98

     8,367.44

    2,931.55

Total Market Cap

190,700.12

 183,892.41

    6,807.71

 

 

 

 

 

 

 

 

 

 

 

* % change versus previous close, # Rs crore

 

According to Dipan Mehta, Member of BSE & NSE, “ Reliance Group has captured the market’s imagination. There is a lot of froth in the market especially in these stocks so lot of day traders, speculators also trying to ride this particular trend and therefore we are seeing Reliance Group companies doing exceedingly well.”

 

He further added, “Over the last two-three months if it is one group, which has outperformed the market, it is the Reliance Group; both brothers and therefore any stock, which is in the group market seems to have taken fancy to that and we are seeing blowout volumes and stock price movements.”

 

“Not all of it is related to any perceptible change in the fundamentals of these companies, but it’s just that the PEs are getting rerated upwards and there is a lot of excitement and expectations from these group companies.”   

     

In percentage terms in last one month Reliance Industrial Infrastructure has gained by 115%, RNRL 66%, Reliance Capital 47% and Reliance Petroleum 43%.

 

Company

% Chg in   1 month

Rel Ind Infra

114.72

RNRL

65.66

Rel Capital

46.80

Rel Petro

43.00

Rel Energy

39.18

RIL

26.94

IPCL

26.73

Rel Comm

14.06

 

 

 

 

 

 

 

By Ritesh Presswala

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