Mukesh Ambani group tops in market cap Anil’s logs sharpest growth

Mukesh Ambani group tops in market cap Anil’s logs sharpest growth

Mumbai, July 1: The Mukesh Ambani-led Reliance Industries group has emerged as India’s largest private business house by market capitalization as on June 30 though his younger brother Anil’s empire registered the maximum growth last quarter.

The Reliance Industries group’s market cap grew 2 per cent to Rs.357,902 crore during the last quarter, while companies under the Tata group ranked second but actually registered a 3 per cent decline at Rs 326,827 crore. The Reliance Anil Dhirubhai Ambani Group, ranked third, grew 14 per cent during the period under review to Rs 142,380 crore, based on an analysis of data as on June 30 available with the bourses.

The other two on the top of the chart are metals major Sterlite ‘Vedanta’ group and the telecom services group Bharti Airtel. But their market capitalisation over the quarter slipped 20 per cent at Rs 131,522 crore and 16 per cent at Rs 99,970 crore, respectively. The top five ranked companies according to their market caps are: Reliance Industries (Rs.356,422 crore), Tata Consultancy (Rs 146,987 crore), Bharti Airtel (Rs 99,970 crore), Sterlite Industries (Rs 57,114 crore) and Tata Steel (Rs 43,088 crore).

In terms of growth in market capitalization registered by individual companies, Titan topped the list with 195 per cent, followed by 32 per cent for Sterlite Technologies and 24 per cent each for Anil Ambani’s Reliance Broadcast and Tata Tea. (IANS)