Friday, June 25, 2010
Mukesh\' stocks down, Anil\'s up on BSE
On a day that the heirs to Dhirubhai Ambani\'s empire signed a pact that will ensure Mukesh\' Reliance Industries supplies gas to Anil\'s RNRL, the stock markets were not really enthused.
BSE Sensex was down o.57 per cent, while Reliance Industries was down by 0.28 per cent.
On the other hand, Anil\'s companies were skyrocketing with Reliance Natural Resources, the company that will benefit the most, up by 4.93 per cent while Reliance Infra, Reliance Com, Reliance Cap, Reliance Media Works and Reliance Power were up by as anything between 1-to-2 per cent.
Clearly the markets are saying that the new gas pact signed today will benefit Anil Ambani more than it will Reliance Industries.
Note: Time-2:30 p.m.
RNRL soars over 7%; RIL up 1%
At the end of a significant day, both on business and on stock markets, for the divided Ambani family, there were gains, but most of them were harvested by Anil.
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Anil Ambani-led Reliance Natural Resources today surged over seven per cent at the fag-end of trade on the BSE after the company signed a new revised gas supply agreement with Mukesh Ambani-led Reliance Industries, whose stock gained one per cent.
Shares of Reliance Natural Resources Ltd (RNRL) climbed 7.51 per cent to touch a high of Rs 68.65 on the Bombay Stock Exchange.
The revised gas supply agreement would help RNRL to go to the government for gas allocation to Anil Ambani group\'s power plants.
Mukesh Ambani-led Reliance Industries Ltd jumped 1.30 per cent to touch a high of Rs 1,065.
News From: http://www.7StarNews.com
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