On Wednesday, Reliance Industries, which is fast nearing the Rs 10-lakh-crore market value mark, overtook BP Plc to become the world’s sixth-largest energy company in terms of market capitalisation. The RIL stock has rallied 6% in the past two days after the group’s telecom arm Reliance Jio Infocomm said it will increase call and data charges. The stock — which has risen 36% so far this year — is trading at 21 times FY20 estimated earnings and 3.5 times book value. The RIL stock ended up 2.47% at Rs 1,547 on the BSE Wednesday. RIL chairman Mukesh Ambani, with a net worth of $58 billion, remains the richest Asian. Alibaba’s Jack Ma is a distant second with a net worth of $42.8 billion. Ambani is the world’s 12th richest person on a list topped by Microsoft’s Bill Gates. ET crunches the numbers. 72152160 72152161 72152164
from Economic Times https://ift.tt/2pB118v
via IFTTT
Wednesday, November 20, 2019
Subscribe to:
Post Comments (Atom)
Orai is a city and a municipal board in Jalaun district in the Indian state of Uttar Pradesh. It is the district headquarters for Jalaun District.
No comments:
Post a Comment