Sep 17, 2007, 10.04 AM IST | Source: Moneycontrol.com

Reliance group, the true wealth creator

íRelianceí Industries is literally sticking to the meaning of the word Ďrelianceí, dependable as it has created immense wealth for its investors on consistent basis. All the companies in Reliance group (except Rel Comm and Reliance Industrial Infra), be it Mukesh Ambaniís camp or Anil Dhirubhai Ambaniís group (ADAG), hit all time high.

íRelianceí Industries is literally sticking to the meaning of the word Ďrelianceí, dependable as it has created immense wealth for its investors on consistent basis. All the companies in Reliance group (except Rel Comm and Reliance Industrial Infra), be it Mukesh Ambaniís camp or Anil Dhirubhai Ambaniís group (ADAG), hit all time high on the bourses today. The consolidated market cap of entire reliance group has grown manifold since the formal split of Indiaís largest business empire on June 18, 2005 after a bitter and very public battle between the two Ambani siblings, which went on for seven months.  

 

After the split, Mukesh grabbed the ownership in formidable Reliance Industries along with Reliance Petroleum , IPCL and Reliance Industrial Infrastructure . However, the younger brother had got the responsibility of Reliance Communication , Reliance Capital , Reliance Energy and RNRL .

 

In the last one-year, few companies have given returns over 100% led by Reliance Capital, RNRL and Reliance Petroleum. The stock price of Rel Capital has gone up by 177% from Rs 507.05 to 1405.9 in one-year duration and it hit all time today. The prices of RNRL and Rel Petroleum have appreciated by 158% and 105% respectively and they also touched their all time high today.  

Reliance Industries, the largest Indian company has surged by over 83% in 52 weeks and was at all time high. In terms of market capitalization it has added nearly Rs 1.3 lakh crore during past 1 year and is on the verge of hitting the psychological level of Rs 3 lakh crore. Similarly, the flagship company of ADAG and second largest Indian telecom company, Rel Communication has given fabulous returns and has added over Rs 72 thousand crores in its market cap during the same period.

 

Prices

Mkt Cap

Company

13th Sep

12th Sep

Gain

% gain

12th Sep

13th Sep

Gain

 

2007

2006

 

 

2006

2007

 

Mukesh Ambani's Group

RIL

2,034.40

1,106.75

927.65

83.82

154,226.72

282,394.80

128,168.08

Rel Petro

131.85

64.30

67.55

105.05

28,935.00

58,702.50

29,767.50

Rel Ind Infra

522.00

461.85

60.15

13.02

697.39

765.19

67.80

Anil Ambani's Group

Rel Comm

559.25

325.40

233.85

71.87

39,800.98

112,556.33

72,755.35

Rel Capital

1,405.90

507.05

898.85

177.27

11,354.37

34,412.76

23,058.39

Rel Energy

914.95

460.10

454.85

98.86

9,806.11

20,328.89

10,522.78

RNRL

52.40

20.30

32.10

158.13

2,726.57

7,608.77

4,882.20

 

 

 

 

 

 

 

Source: Capitlaine

 

By Om Prakash Singh

 

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