Mukesh Ambani: Asia’s richest man and chairman of Reliance Industries Mukesh Ambani has earned a good amount which has increased his net worth. According to Forbes his total wealth has gone up by 3.38 per cent amounting to USD 3 billion or Rs 2600 crore. This happened after the shares of Reliance Industries limited shot up in the past trading sessions. The cumulative jump in the value of Reliance stocks amounts to 6.98 per cent or Rs 81.40 per piece bringing the overall value of the company shares to Rs 1247.45 per piece. It has to be seen that the company started the new trading week on a rough note as the company shares dipped by Rs 3.60 or 0.29 per cent. Now the companys market capitalisation has been brought to USD 193.74 billion taking the company to the 72nd position on the list of companies in terms of market capitalisation. This recent surge has been brought to fore by the companys positive ratings. American rating agency Jefferies went bullish on Reliance shares. Jefferies also issued a buy call for the company one of the largest Indian conglomerates. This positive outlook comes to pass after some key developments from the company. Reliance Jio the telecom arm of the company has maintained a high Average Revenue Per User (ARPU) while being the largest company in the Indian telecom business and Jio IPOs possibly encouraged markets. Jefferies also expects the companys retail arm to be resurgent again. The companys retail arm which has been at the centre of the slowdown may pick up fostering growth for the company. This comes after a year when the company shares closed 2024 with negative returns for investors for the first time in a decade.