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These Group Companies Made A Run Up Of Over 100% Since March 23 Lows

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Ever since the lows struck amid Covid 19 pandemic on March 23, billionaire groups have come out all recouping huge gains of over 100%. And the frontrunner in the run up has been the Reliance Group companies.

"Globally, equity markets are likely to be supported by strong liquidity and growth stimulus. Investors may be willing to look past near-term earnings declines, hoping for a revival in FY22," said Nomura India.

These Group Companies Run Up To Over 100% Since March 23 Lows
 

The 5 companies of RIL which have made a remarkable rally ever since March 23:

Reliance Group Company Rally since March 23 lows
Hathway Cable & Datacom 112%
Hathway Bhawani Cabletel & Datacom 96%
Den Networks 88%
RIL 73% (increasing M-cap of the group to Rs. 10.45 lakh crore)
Reliance Industrial Infrastructure 68%

Adani Group companies

Adani Group Company Rally since March 23 lows
Adani Green 93%
Adani Gas 52%
Adani Ports 46%
Adani Power 44%
Adani Enterprises 15%
Adani Transmission 0.99%

And this surge in stock price ever since then has pushed the group's m-cap higher by over 40% to Rs. 1.78 lakh crore.

Aditya Birla group companies

Birla Group Company Rally since March 23 lows
Vodafone Idea 130%
Tanfac Industries 105%
Shree Digvijay Cement 66%
Hindalco 59%
Aditya Birla Money 51%
Grasim Industries 50%

This surge in group companies during the period led the m-cap of Aditya Birla Group companies to soar by 36 per cent to Rs 2.27 lakh crore.

Tata Group companies

Within Tata Group bucket of 28 listed stocks, only one stock emerged as the multi0-bagger with gains of 107% i.e. Tata Communications. Also, the group's most valued stock TCS bagged just 20% gains during the period. Hence on an overall basis, the group's m-cap during the March 24 and June 4, 2020 period surged by just 22%.

Note the data is as per compilation made by Ace Equity.

GoodReturns.in

Read more about: stock markets ril
Story first published: Thursday, June 4, 2020, 11:33 [IST]
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