39,311.54 crore bounce in the market cap of Reliance Industries

Mukesh Abk: The wealth of Asia’s richest man Mukesh Ambani increased by Rs 39,311.54 crore this week. With this, he became even more rich. In fact, in 5 days (120 hours) from Monday to Friday, the market cap of Reliance Industries increased to Rs 17,27,339.74 crore and became the most valuable company in the country. After this, there are companies like HDFC Bank, Tata Group’s TCS, Bharti Airtel in the list.

The company’s shares have a strong jump

Last week, BSE’s 30 -share Sensex rose by 3,076.6 points or 4.16 percent, NSE Nifty gained 953.2 points or 4.25 percent. The company’s stock closed at Rs 1,277.50 on Friday. Total valuation of nine out of the top 10 most valuable companies including Reliance increased by Rs 3,06,243.74 crore this week. Among them, ICICI and Bharatiya Airtel earned the highest profit. It is in accordance with the huge surge in domestic stock markets this week.

The 18th richest man in the world

According to Forbes, Mukesh, Ambani’s real-time net worth is US $ 95.5 billion. On March 23, he was the 18th richest man in the world. He is constantly increasing the scope of his business. Recently, Reliance Group’s subsidiary Complex Strategic Business Ventures Limited obtained 74 percent stake in Navi Shipyard Private Limited (NSPL) for Rs 382.73 crore from Welspon Corp Limited via Nauyan Tradings Private Limited (NTPL).

All three children are handling business

Since 2023, the three children of Mukesh Ambani are handling different businesses of Reliance Group. Daughter Isha Ambani handles Reliance Group’s retail, e-commerce and luxury business. Younger son Anant Ambani oversees businesses related to the energy sector. Elder son Akash Ambani is the head of India’s largest telecom company Jio.

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