Reliance Chairman Mukesh AmbaniImage Credit source: File Photo : PTI
Reliance Industries of the country’s richest billionaire industrialist Mukesh Ambani has not been able to do any special wonders for the investors in 2023. On the contrary, he has lost investors’ money. Whereas many other listed companies owned by Mukesh Ambani have given tremendous returns in the stock market.
Mukesh Ambani has expanded his business in many sectors in the last few years. For this he has acquired many companies. These include Hathway Cable and Datacom Limited, Alok Industries and TV18 Network. Their shares have given tremendous returns since the beginning of 2023.
Shares of Hathway Cable and Datacom Limited have given a return of 13.07 percent to investors in 2023. At the beginning of this year, the share of this company was worth Rs 17.06. On Wednesday, the shares of this company are trading at Rs 19.90. This company works to provide cable TV and internet to homes.
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Similarly, shares of another Reliance Group company, Alok Industries, have given a return of 28.25 percent to investors in 2023 alone. When the market opened on January 2, this share was at Rs 15.75, now it has reached the price of Rs 20.30 per share. This company works in the textile segment.
Reliance Group’s media company TV18 Broadcast Limited has given the highest returns to investors. At the beginning of 2023, the share of this company was at the price of Rs 37.70. Now it is trading at Rs 55.80. In this way, this company has given a return of 48.41 percent in 2023.
Reliance shares lost money
On the contrary, Mukesh Ambani’s parent company Reliance Industries has lost investors’ money in 2023. The shares of this company, which makes huge profits in sectors ranging from oil to telecom and retail, have fallen by 4.15 percent since the beginning of 2023. Its share price is currently trading at Rs 2468.90. Whereas on January 2, its share price was at Rs 2575.90.
Reliance Industries has listed its another company ‘Jio Financial Services’ in the stock market in July this year.