Mumbai: Market valuation of Reliance Industries swelled by Rs 7,500 crore, even in an overall depressed market, while Anil Ambani Group (ADAG) companies saw a combined erosion of over Rs 9,000 crore.
Shares of RIL jumped to a high of Rs 1,060 after the Supreme Court gave its verdict in the gas pricing and supply dispute between Mukesh Ambani-led RIL and Anil Ambani’s RNRL.
RIL shares closed 2.27 per cent higher at Rs 1,033.85 on the BSE.
The market capitalisation of Reliance Industries, the country’s most valued firm, went up by Rs 7,500 crore to settle at Rs 3,38,085 crore, compared to Rs 3,30,580.3 crore on Thursday.
However, the shares of the ADA Group tanked on the bourses, leading to a sharp decline in their combined marketcap to the tune of Rs 9,000 crore.