improve by just 6.84% to Rs 2.9 lakh crore. Share of the group’s flagship company Reliance Industries gained 5.79% in year-to-date.
Anil Ambani’s Group grew at an even slower pace of 1.82% to Rs 68,839 crore. Reliance Infrastructure and Reliance Power saw their market wealth erode by 16.61% and 23.30%, respectively. Meanwhile, Om Prakash Jindal Group saw its market capitalisation slip 42.86% in 2013 to R27,070 crore.
According to brokerages, investors ascribe certain premium to companies with strong promoters. “For instance, within the oil & gas sector, Reliance Industries is preferred,” added Udasi.