Investors earned better due to Adani-Ambani’s companies stocks
Mumbai: Mukesh Ambani’s Reliance Group and Gautam Adani’s Adani Group have given investors good returns over their expectation during the last one year.
Adani Green Energy is in the solar energy business and aims to become the world’s number one solar energy company. In the June quarter of this year, the company achieved a net profit of Rs 21.75 crore.
On Tuesday, shares of Adani Green Energy gained nearly 5 per cent to Rs 670.65 on the Bombay Stock Exchange (BSE), the highest in the past one year. The company’s market cap has increased to Rs 1,04,890.62 crore. A year back, on September 16, 2019, the stock was priced at around Rs 55.55 and on September 19, the stock was at its all-time low of Rs 49. Now stock has increased by Rs 620 within a year. Which means it has given a return of about 1265 percent to investors within a year.
Since January 1, 2020, the share price was around Rs 175. Last one month, on August 17, the share price was around Rs 366. In this way, within one month this stock of Adani Group has given a return of about 83 percent to investors.
The second stock that surprised investors the most is Reliance Industries, the country’s largest company. Reliance Industries, led by Mukesh Ambani, is constantly flagging success. Reliance Industries share price reached Rs 2317 on Tuesday. On 14 September, it reached its all-time high of Rs 2360. A year ago, on 16 September its price was around 1200 rupees. This means stock has given a return of about 93 percent to investors in a year.
On March 23 this year, the stock reached its lowest level of Rs 875.70. In about six months, this stock has given a return of about 165 percent to the investors.
Reliance Industries is continuously creating new paradigms of success under the leadership of Mukesh Ambani. During the lockdown, when most companies were upset, foreign investors were queuing up for investment in Reliance Group. More than a dozen companies, including Facebook, invested about Rs 1.52 lakh crore in Reliance Group company Jio Platforms. Silver Lake Partners has announced an investment of Rs 7500 crore.