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Anil Aggarwal changed the entire story like this, Tata, Ambani, Adani kept watching

Sagar Patel

By Sagar Patel

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Industrialist Anil Aggarwal (file photo)

The kind of growth that Anil Aggarwal’s Vedanta Group has experienced in the current financial year. Such growth was not seen in Mukesh Ambani’s Reliance Industries. Not even in Gautam Adani’s Adani Group. Most importantly, Ratan Tata Group also lagged behind Vedanta Group companies. In fact, Vedanta Group’s market capitalization has seen the highest increase in the current financial year. Shares of Vedanta Group companies Vedanta Limited and Hindustan Zinc have doubled from their 52-week low. While in the month of May the shares of both companies reached a 52-week historical high. Let us try to understand through the language of stock market data, how did Vedanta Group companies leave big companies behind?

How much did Vedanta Group’s market capitalization increase?

The wealth of investors of Vedanta Group, comprising Vedanta Limited and Hindustan Zinc Limited, has increased significantly so far in the current financial year. During this period, the combined market capitalization of both companies increased by Rs 2.2 lakh crore. According to stock market data, between March 28 and June 20 this year, the total market capitalization of Vedanta Group recorded an increase of over Rs 2.2 lakh crore. After which, the total market capitalization of both the companies became Rs 4,48,453.96 crore. Currently, the market capitalization of Vedanta Limited is Rs 1,74,801.17 crore. While the market capitalization of Hindustan Zinc is Rs 2,73,652.79 crore.

The company’s shares doubled from the lowest level.

This figure is much higher than the market capitalization growth of major Indian companies like Reliance Industries, Mahindra Group and Tata Group in the same period. According to stock market data, the share prices of Vedanta Limited and Hindustan Zinc have almost doubled from their 52-week low. According to BSE data, on June 20, shares of Vedanta Limited closed at Rs 470.25 with an increase of 4.86 percent. While the company’s 52-week high was Rs 506.85 on May 22. The company’s 52-week low was recorded at Rs 207.85 on September 28, 2023. On the other hand, Hindustan Zinc stock closed at Rs 647.65 with an increase of over 2 per cent. The company’s 52-week high was recorded on May 22, when the company’s shares touched Rs 807. On the other hand, on March 15, the company’s stock had hit a 52-week low of Rs 285.

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Tata, Adani, Ambani now behind

During this period, the market capitalization of Adani Group and Mahindra Group has seen an increase of Rs 1.4 lakh crore. Apart from this, Tata Group’s market capitalization saw an increase of over Rs 60.6 billion. On the other hand, the market valuation of giant Reliance Industries decreased by over Rs 20,656.14 crore. According to the data, the market capitalization of Reliance Industries is Rs 19,93,479.19 crore. While during this period, the market capitalization of the company had crossed Rs 20 lakh crore. Reliance Industries became the first company in the country to do so.

Vedanta’s profit figures remained like this

Vedanta had posted its second-highest revenue of Rs 1,41,793 crore and Ebitda of Rs 36,455 crore with an Ebitda margin of 30 per cent in FY 2023-24. Vedanta Group has prepared a strategic roadmap to generate EBITDA of $10 billion in the near future that includes timely implementation of over 50 growth projects including zinc, aluminum, oil and gas and power businesses. The holding of foreign institutional investors (FIIs) in Vedanta Group increased to 8.77 per cent at the end of the March quarter, while it was 7.74 per cent in the December quarter.

Sagar Patel

Sagar Patel

I am Sagar Patel, specializing in business news reporting. With a keen focus on economic trends, market analysis, and corporate developments,

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