The news of brokerage firm Geoffrey’s reported a strong jump of around 6 per cent in Reliance’s stock in the last trading session of the week. On Friday, the stock of Reliance Industries closed at Rs 2095.95.
During the Corona period, in the last one and a half year, Mukesh Ambani carried forward his new business through Reliance Jio. In a very short time, this digital business of Mukesh Ambani became the most profitable deal. However, Reliance’s oldest business is petrochemical. There has been no major announcement in this business for the last few years. However, the talks of the deal with Saudi Aramco regarding petroleum are not over yet. But on Friday, a news came due to which Mukesh Ambani benefited more than 34 thousand crores in a day. This news was related to petrochemical only.
A report by brokerage firm Jeffries on Friday said that the Ebitda of Reliance’s petrochemical business could increase by up to 50 per cent. Jeffries has said that the company’s petrochemical business is performing very well. This will increase the chances of stake sale in the O2C business of the company in the current financial year. This report of the brokerage firm appeared on the stock of Reliance Industries.
34 thousand crores increased in one day
Due to this news of brokerage firm Jeffries, the stock of Reliance registered a strong jump of about 6 percent in the last trading session of the week. On Friday, the stock of Reliance Industries closed at Rs 2095.95. Its effect also showed on the net worth of Mukesh Ambani. An increase of more than 34 thousand crores was registered in the wealth of Mukesh Ambani in a single day. With this edge, Mukesh Ambani further strengthened his position in Asia. After the increase of 34 thousand crores in net worth, Mukesh Ambani’s total assets increased to $ 81 billion.
Ambani’s wealth increases with the share of Reliance
When there is a boom in the shares of Reliance Industries, it is natural that Mukesh Ambani’s wealth will also increase. Earlier in September last year, the stock of Reliance Industries recorded a strong rally and it had reached its record level of Rs 2369. At that time also Mukesh Ambani’s wealth had increased tremendously and his net worth had reached 90 billion dollars. At the same time, the market cap of Reliance had also crossed 16 lakh crores.
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