Anil Ambani Surges Ahead as Mukesh Ambani Faces Stock Market Setback
Life in the business world is unpredictable, and no two people show this better than the Ambani brothers, Anil and Mukesh. Despite past setbacks, Anil Ambani is seeing a rise in his company's shares, while Mukesh Ambani is facing a rough patch. Here's how Anil is bouncing back, and Mukesh is dealing with challenges.
Anil Ambani’s Shares Rise
Anil Ambani's companies, especially Reliance Power and Reliance Infrastructure, have seen a big increase in their stock prices. On October 3, 2024, Reliance Power hit a 5% upper circuit at Rs 53.65 per share, its highest since January 2018. Reliance Infrastructure also saw a 1% rise, making it clear that investors are gaining confidence in his businesses.
Mukesh Ambani’s Struggles
In contrast, Mukesh Ambani’s Reliance Industries (RIL) saw its shares drop to an intra-day low of Rs 2,775 on the same day. Jio Financial Services, another of Mukesh’s companies, also faced a 2.5% drop, trading at Rs 341.60. These declines have raised concerns, though Mukesh’s business empire remains vast and strong.
Anil Ambani’s New Plans
A big reason behind Anil Ambani’s recent success is a new project in Bhutan. His company, Reliance Enterprises, is launching a 1,270-megawatt solar and hydroelectric project there, which has excited investors and boosted his company’s market cap. Reliance Power’s value is now Rs 21,551 crore, while Reliance Infrastructure is at Rs 13,264 crore.
Anil Ambani’s focus on new opportunities, especially in renewable energy, is paying off. His ability to adapt and grow his business has restored investor trust. Mukesh Ambani, despite facing some challenges, is likely to bounce back, given the strength and diversity of his companies.
While Mukesh Ambani has long been the dominant force in Indian business, Anil Ambani’s comeback shows his resilience. His companies are on the rise, while Mukesh is dealing with short-term issues. Both brothers remain key figures in the business world, but Anil's recent success is turning heads.
Also Read: Why Share Market Fall Today : Why did the stock market fall so much?
About the Author:
Akanksha Sinha
I'm Akanksha Sinha, an expert in writing sports blogs, news, and various articles for entertainment and more. I bring a unique flair to my work, providing insightful perspectives on the world of sports.
My articles aim to inform and entertain, making me a go-to source for sports enthusiasts seeking a blend of information and enjoyment. With a passion for storytelling and a keen eye for detail, I consistently deliver compelling narratives that resonate with a diverse audience.