Reliance Industries chairman Mukesh Ambani and Adani Group promoter Gautam Adani are the two biggest beneficiaries of the steep rise in stock market. Both groups are said to be close to BJP prime ministerial candidate Narendra Modi. Reliance shares have risen 9.2% since Friday, meaning the promoter group shareholding (45.3%) has soared by Rs.12,898 crore. The shares of three Adani Group companies – Adani Enterprises, Adani Ports and SEZ and Adani Power – have also shot up sharply since Friday. Adani Ports (up 13.7%) and Adani Power (16%) together have added Rs.5073 crore and Adani family is worth Rs.11,050 crore more than it was on Friday morning. So guess who gets benefited from the pre-poll and exit poll surveys and when a “stable” government comes to power at the Centre.
Posted on: Thu, 15 May 2014 04:55:30 +0000
Trending Topics
Recently Viewed Topics
© 2015