Anil Ambani continues to shine while Mukesh Ambani faces the heat, here’s how
GH News October 03, 2024 09:07 PM
Life is full of ups and downs and Anil Ambani has experienced such phases in the past. He is now focused on making his business profitable again. Anil Ambani-led Reliance Infrastructure and Reliance Power shares witnessed a splendid surge while his elder brother Mukesh Ambani-led RIL’s stock touched intra-day low in trade on October 3. Shares of Anil Ambani’s companies witnessed a surge despite the stocks of several companies traded in a narrow range. The shares of Reliance Power hit 5% upper circuit at Rs 53.65 per share highest since January 2018. On the other hand stock of Reliance Industries was down at Rs 2775. Reliance Infrastructure saw a surge of 1 % in its share price while share price of Mukesh Ambani’s listed company Jio Financial Services witnessed a drop of 2.5% at Rs 341.60. Investors have shown strong interest in the stock of Anil Ambani’s companies as the market cap has gone up. Reliance Powers market cap has increased to Rs 21551 crore while market cap of Reliance Infrastructure has gone up to Rs 13 264 crore. Anil Ambani-led Reliance group is going to start a new venture in Bhutan. The company has formed a new firm-Reliance Enterprises. The company is all set to establish 1270 megawatt solar and hydroelectric projects in Bhutan. It is the reason that the shares of Anil Ambani’s companies have gone up.
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