Six of top10 most valued firms add Rs 86,847.88 crore
Last week, six of the top 10 most valued firms together added Rs 86,847.88 crore in market valuation.
Last week, six of the top 10 most valued firms together added Rs 86,847.88 crore in market valuation.
The stock of Reliance Industries Limited (RIL), India's largest company by market capitalisation, has slipped by 23 per cent from its highest level in July this year.
During a conversation with Mukesh Ambani in Mumbai, Huang said, “This is an excellent opportunity for India to have a large population and a large population of computer engineers. This is such an extraordinary time. I am honoured and privileged to get to partner with you for this.”
Last week, the combined market valuation of nine of the top 10 most valued firms jumped by Rs 95,522.81 crore. Reliance Industries, TCS and HUL emerged as the biggest gainers.
Reliance Industries and Life Insurance Corporation of India gas emerged as the biggest laggards in line with weak trend in equities.
"Jamnagar was the 'cradle of our old energy business'. It will also be the 'cradle of our new energy business'," Ambani had said at the AGM.
It sees a six-fold increase in grocery organised retail penetration in India by FY30, coupled with 15 per cent market share gain for RIL.
The market heavyweight stock has jumped 14.53 per cent in seven trading sessions to hit a high of Rs 2,250 on Thursday.
The oil-to-telecom giant reported revenue from operations of nearly Rs 1.55 lakh crore, 11 per cent higher on a year-on-year basis, during the period under review.
Jio's consolidated revenue from operations rose 18.9 per cent on a year-on-year basis to Rs 18,278 crore during the fourth quarter of FY21.
