Ambani, Adani gained most from stocks
MODI EFFECT Banking stocks also rose smartly on expectations of a BJP election victory and economic revival
RELIANCE SHARES HAVE RISEN 9.2% SINCE FRIDAY, AND THE SHARES OF THE THREE LISTED ADANI GROUP COMPANIES EVEN MORE
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MUMBAI: Reliance Industries chairman and managing director Mukesh Ambani
and Adani Group promoter Gautam Adani are the two biggest beneficiaries
of the rally in the stock markets since Friday.
However, if the ` 1,062-crore value of the 3.73% shareholding of Petroleum Trust, that forms part of the promoter group but doesn’t belong to the Ambani family, is taken into account, the rise in the promoter group’s net worth is lower at ` 11,836 crore.
Raj gaurav
PGDM,1st Year
Source:-hindustan times
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