
Mukesh Abk: On Tuesday, there was a ceasefire between Iran and Israel, which also saw the impact on the stock market. The stock market started a tremendous start on Tuesday. During this period, the Sensex opened at 82,534.61 against the last closed price of 81,896.79 and rose 900 points to reach Intrade High of 82,827. Similarly, the Nifty also opened at 25,179.90 against the previous closed price 24,971.90 and then a gain of over 1 percent to 25,250.85 with an increase of 25,250.85.
Mukand Limited’s shares rise
However, as the business went ahead, the profits decreased. However, in the meantime a small-cap stock stood firmly. Any indication of decline in this is very far away, but it touched the upper circuit of 20 percent.
Here the stock of Mukand Limited is being talked about, which reached Rs 137.4 per share with a 20 percent lead over NSE. Started as a re-rolling mill and foundry, this company today also produces stainless steel to steel billets, alloy steel, steel casting, steel structural and other machinery. Mukand Limited is a part of Bajaj Group of Companies.
How did Reliance profit?
Interestingly, Reliance Industries, led by billionaire businessman Mukesh Ambani, holds a share of about 35,79,056 shares or 2.48 percent in the company through its associate Commercial Private Limited. Now on Tuesday, the price of Mukand Limited rose by Rs 22.90 to reach its high level of six months, which made a profit of Rs 8,19,60,382 a day for Reliance Industries through the principle commercial.
Anil Ambani suffered a big loss
At the same time, in the meantime, shares of companies like Anil Ambani -led Reliance Power and Reliance Infrastructure declined by a sharp decline of 1.57 percent and 2.16 percent respectively. Thus, Mukand Limited performed better than Anil Ambani’s Group of Companies.
How much do Mukesh Ambani earn in a day?
According to media reports, Mukesh Ambani earns about 163 crore rupees every day, which is equal to about 2 million US dollars. In this way, he earns about 3.09 lakh rupees every minute. However, its correct calculation will be decided on the basis of performance of companies’ shares in the market.
In the last 10 years, his wealth has been amazing, which increased from US $ 36 billion in 2020 to more than 114 billion US dollars in 2024. For this, the contribution of Reliance Jio and Reliance Retail’s growing business cannot be denied.
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