India’s Top Groups Create Rs 6 Lakh Crore In Investor Wealth In Two Months

Here’s how shares of India’s biggest conglomerates fared versus the market recovery.

Soumeet Sarkar @soumeet_sarkar

22 Nov 2019, 11:34 AM IST

Indian two thousand and five hundred rupee banknotes are arranged for a photograph in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

As India’s equity benchmarks scaled new records aided by cuts in corporate tax rates and better-than-expected earnings growth, the nation’s largest conglomerates added Rs 5.96 lakh crore in investor wealth in about two months. Mukesh Ambani’s Reliance Industries Ltd. contributed the most.In a move to boost corporate profit growth, kick-start private investment cycle and make the nation a more competitive investment destination, the N...

India’s Top Groups Create Rs 6 Lakh Crore In Investor Wealth In Two Months

Here’s how shares of India’s biggest conglomerates fared versus the market recovery.

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