Six Adani group stocks saw a 19.27% rise in the combined market value.
As benchmark equity indices hit fresh all-time highs, stocks of Bajaj group have emerged top wealth creators, with a 33.4 % jump in the combined market value so far this year. They beat Ambani, Adani, and Tata groups to claim the crown.
Investors made money with both hands in 5 Bajaj group stocks that rose 17-53 % in its first 10 months of 2019. However, 6 other group stocks fell up to 14-52 % in the same period.
Six Adani group stocks saw a 19.27% rise in the combined market value. this year all of them have gained so far.
In value terms, two of Mukesh Ambani group stocks – Reliance IndustriesNSE -0.28 percent and RIIL – added Rs 2.19 lakh cr to increase combine market-cap to Rs 9.30 lakh cr, up 30% from Rs 7.11 lakh cr at the end of 2018. On Wednesday, RIL became the sixth-largest energy firm globally by market cap.
Tata group’s 27 stocks were worth Rs 11.83 lakh cr today, having added Rs 1.34 lakh cr to investor wealth so far this year, representing a 12.77% expansion.
Nine Aditya Birla group stocks saw Rs 33,042 cr wealth erosion. Anil Ambani-led ADAG group also saw Rs 15,000 cr value erosion.
On Thursday, Sensex was just 100 pnts shy off its record high level of 40,312 while NSE barometer Nifty 50 was 150 pnts away from its record high of 12,103.
Select Bajaj group stocks shine
In the case of Bajaj group, shares of Bajaj Finance have surged 54 percent this year, followed by a 46 percent jump in Maharashtra Scooters, 26 percent rise in Bajaj FinservNSE 1.17 %, 25% gain in Bajaj Holdings and 17% rise in Bajaj Auto.
Bajaj Auto, in fact, is among a handful of auto stocks that has yielded positive returns globally this year. Both Bajaj Finance and Bajaj Finserv have been reporting strong numbers for past few quarters. Bajaj Finance’s Q2 profit grew 63% while that of Finserv 71 %.
➤ Aditya Birla, ADAG stocks drop
➤Adani stocks deliver 19 percent return
➤TCS, Titan, Trent, Voltas, and TGBL contributed to the bulk of the increase
➤RIL a $200 billion company in making
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