Mukesh Ambani earns Rs 81960382 in single day due to…, leaves Anil Ambani behind in…
Benchmark indices Sensex and Nifty surged in early trade on Wednesday mirroring a rally in global markets amid signs of easing tensions in the Middle East following a ceasefire between Iran and Israel.
The 30-share BSE Sensex jumped 426.79 points to 82,481.90 in early trade. The 50-share NSE Nifty climbed 123.25 points to 25,167.60.
From the 30-Sensex firms, Titan, HCL Tech, Reliance Industries, UltraTech Cement, Hindustan Unilever and Tata Steel were among the major gainers. Mukesh Ambani Held Stock Surge
Mukand Ltd. saw a 20% surge in its share price, reaching Rs 137.4 per share on the NSE.
It started as a re-rolling mill and foundry and later transformed into a diversified powerhouse. It deals in two core sectors like steelmaking (focused on long products) and heavy machinery. It has grown into a multi-division, multi-product conglomerate. Today, it is an integral part of the Bajaj Group of Companies.
Billionaire Mukesh Ambani-led Reliance Industries, through its affiliate Siddhant Commercials Pvt Ltd, holds about 35,79,056 shares or a 2.48 per cent stake in the company. As Mukand's share price increased by Rs 22.90 and hitting a near six-month high, the single-day unrealised gains for Reliance Industries (via Siddhant Commercials) are around Rs 8,19,60,382. Anil Ambani Group Shares
Meanwhile, shares of Anil Ambani-led companies like Reliance Power (RPower) and Reliance Infrastructure by 1.57 per cent and 2.16 per cent, respectively. So, Mukand Ltd outperformed the share prices of Anil Ambani group companies.
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