Following the remarkable performance of Reliance Industries at the market, Mukesh Ambani, who had briefly experienced a lean patch that saw his fortunes dwindle by a significant margin, witnessed a giant surge in his wealth.
In a major boost for Asia’s richest man Mukesh Ambani, the market valuation of Reliance Industries surged by Rs 26,185.14 crore in this week, the company emerging among the top 10 most valued firms whose combined market valuation jumped to Rs 2 lakh crore. According to a PTI report, the market cap of Reliance soared to Rs 17,75,176.68 crore, with the company’s share prices rising to Rs 1,311.60, when trading closed on Friday.
Meanwhile, Tata Consultancy Services (TCS) and HDFC Bank were the biggest gainers during the week, following an optimistic trend on Dalal Street, which saw the BSE benchmark surge by 1,906.33 points or 2.38 percent, while NSE jumped 546.7 points or 2.26 percent, last week.
On the other hand, Sunil Mittal’s Bharti Airtel, Life Insurance Corporation of India (LIC), ITC, and Hindustan Unilever emerged as laggards.
Mukesh Ambani net worth
Following the remarkable performance of Reliance Industries at the market, Mukesh Ambani, who had briefly experienced a lean patch that saw his fortunes dwindle by a significant margin, witnessed a giant surge in his wealth.
Mukesh Ambani, the richest person in Asia and the 18th richest in the world, has a real time net worth of $103 billion (roughly Rs 872137 crore), according to Forbes Real Time Billionaires List as on December 8, 2024.
Ambani’s Reliance Industries, which saw its market cap soar by Rs 26,185.14 crore, retained its coveted spot as the most valuable firm in India, followed by TCS, HDFC Bank, ICICI Bank, Bharti Airtel, Infosys, State Bank of India, LIC, ITC, and Hindustan Unilever.