Mukesh Ambani Group stocks outperform markets!
Reliance Industries petrochemicals business is flourishing on account of the recent upswing in oil & gas prices while Singapore's gross refining margin (GRM) is at an all-time high level.
The stocks of Mukesh Ambani Group are on a phenomenal roll. These stocks are firing on all cylinders and have managed to shrug off the weak broader market sentiment currently in play.
Today, one of India’s biggest conglomerates, Reliance Industries made history by becoming the first Indian company to cross Rs 19 lakh crore in market capitalisation. The scrip rose approximately 2 per cent to Rs 2,828.10 per share on the bourses during the early market hours and scaled heights of a new 52-week high. In the last eight trading sessions, the stock has furnished gains of around 10 per cent. Over the span of eight weeks, the shares of the company have soared about 25 per cent.
The company’s petrochemicals business is flourishing on account of the recent upswing in oil & gas prices while Singapore's gross refining margin (GRM) is at an all-time high level. Reliance Industries has lent paramount support to the benchmark indices Nifty 50 as well as Sensex during unfavourable market conditions witnessed by markets around the world over the last couple of months.
The shares of Just Dial zoomed approximately by 10 per cent in the second half of today’s session to record an intraday high of Rs 938 per share on NSE. Several analysts are bullish on the company’s aggressive growth plans and swift turnaround story. With Reliance Industries as the largest shareholder, broad scope for synergies with Reliance’s e-commerce business, a strong balance sheet and the rampant rise of the digitisation trend in the country augur well for Just Dial.
TV18 Broadcast was also one of the star performers of today’s session, surging 3.04 per cent to close the session at Rs 74.65 per share. The scrip has skyrocketed 81.85 per cent & 122.17 per cent over the last six months and one year, respectively.
Den Networks impressed the street in today’s session by bucking the negative broader market trend and recording gains of 4.19 per cent. Over the last one month, the stock has delivered healthy returns of 20.75 per cent.
Watch out for these Mukesh Ambani Group stocks in the upcoming trading sessions for action galore!