Reliance Industries’ shares are worth more than HDFC Bank, ICICI Bank, and Kotak Mahindra Bank combined

Sriram IyerJun 22, 2020, 10:59 IST

Reliance Industries share price sky rocketed by 10% last weekIANS

The nearly $160 billion resources-to-retail giant owned by the world’s ninth richest man Mukesh Ambani, gained over 10% last week.
The total market value of RIL shares is now more than the combined worth of the country’s top three private banks.
RIL shares have gained nearly 23% in the last one month but the stock is still 9% away from its 52-week high, and 8% away from its 2-year high.

The nearly ₹12 lakh crore ($160 billion) Reliance Industries was one of the hottest stocks in Indian share market last week. The oil resources-to-retail giant, owned by the world’s ninth richest man Mukesh Ambani, gained over 10% last week.

The total market value of RIL shares is now more than the combined worth of the country’s top three private banks ⁠— HDFC Bank, ICICI Bank, and Kotak Mahindra Bank.

In fact, the net worth of Reliance Jio, which made for about 42% of RIL’s consolidated revenue, is now worth ₹5.16 lakh crore, just a little short of HDFC Bank’s ₹5.7 lakh crore.

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In fact, the net worth of Reliance Jio, which made for about 42% of RIL’s consolidated revenue, is now worth ₹5.16 lakh crore, just a little short of HDFC Bank’s ₹5.7 lakh crore.

RIL shares have gained nearly 23% in the last one month but the stock is still 9% away from its 52-week high, and 8% away from its 2-year high.

BI India

A series of fundraisings— from Facebook to the Saudi Arabian royal family— worth nearly $23 billion in a little less than two months, pulled down the company’s net debt to zero. Aside from this, Ambani managed to raise another ₹53,000 crore (about $7 billion) via rights issue to shareholders.

BI India

A series of fundraisings— from Facebook to the Saudi Arabian royal family— worth nearly $23 billion in a little less than two months, pulled down the company’s net debt to zero. Aside from this, Ambani managed to raise another ₹53,000 crore (about $7 billion) via rights issue to shareholders.

Reliance Industries has been one of the four stocks— Nestle, Britannia, and Hindustan Unilever (HUL) in the last three years. It has more than doubled investors’ wealth, a return of 121%, while the Nifty went from 9,500 to 12,000 and came back to near 10,000.

BI india

Reliance Industries has been one of the four stocks— Nestle, Britannia, and Hindustan Unilever (HUL) in the last three years. It has more than doubled investors’ wealth, a return of 121%, while the Nifty went from 9,500 to 12,000 and came back to near 10,000.

Not surprisingly, Ambani added almost $28 billion to his fortune within four months, regaining all the net worth he lost because of coronavirus.

BI India

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Reliance Industries’ shares are worth more than HDFC Bank, ICICI Bank, and Kotak Mahindra Bank combined

In fact, the net worth of Reliance Jio, which made for about 42% of RIL’s consolidated revenue, is now worth ₹5.16 lakh crore, just a little short of HDFC Bank’s ₹5.7 lakh crore.

RIL shares have gained nearly 23% in the last one month but the stock is still 9% away from its 52-week high, and 8% away from its 2-year high.

Reliance Industries has been one of the four stocks— Nestle, Britannia, and Hindustan Unilever (HUL) in the last three years. It has more than doubled investors’ wealth, a return of 121%, while the Nifty went from 9,500 to 12,000 and came back to near 10,000.

Not surprisingly, Ambani added almost $28 billion to his fortune within four months, regaining all the net worth he lost because of coronavirus.