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Sep 17, 2007, 10.04 AM IST
’Reliance’ Industries is literally sticking to the meaning of the word ‘reliance’, 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 Ambani’s camp or Anil Dhirubhai Ambani’s group (ADAG), hit all time high.
’Reliance’ Industries is literally sticking to the meaning of the word ‘reliance’, 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 Ambani’s camp or Anil Dhirubhai Ambani’s 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 India’s 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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