Ambani and Adani valuations surge while Tatas, Birlas see major declines in the first half of 2022
- Mukesh Ambani and Gautam Adani have been going from strength to strength, adding billions of dollars to their personal wealth even as markets correct on recession and inflation concerns.
- What’s interesting is that they are the only ones among major business families to have gained this year, while the old money families like Tatas and Birlas have declined.
- Here’s how the Ambanis, Adanis, Tatas, Birlas and others big business houses of India have fared in the first six months of 2022.
The benchmark Nifty 50 and Sensex have fallen over 11% this year so far. While this seems like a big fall, many of their global counterparts have fared worse.
In India, the old money business houses – the likes of Tatas, Birlas, Mahindras, Premjis and others have all seen a massive decline in these six months.
Only two business families have managed to grow this year are the Ambanis and Adanis.
Wipro’s massive decline this year is a result of the Indian IT sector facing headwinds due to recessionary concerns in the West, its primary clientele. While its rivals TCS and Infosys have also declined this year, they have performed significantly better than Wipro.
The Tata group of companies however remain the most valuable in the country, with a combined market cap of nearly ₹20 lakh crore, while Mukesh Ambani’s Reliance is a close second at nearly ₹18 lakh crore.
Gautam Adani’s seven companies are more valuable than the Bajajs, Birlas and Premjis.
$TATAMOTORS.NSE is having a interesting set up on weekly charts. Stock has been travelling in downside channel since last 6 months but this correction was not supported by volumes which means long term investors are still holding on. Technically, who has missed the previous rally, should have this stock on watch list now as stock is above to breach weekly channel on upside at 427. Rally could be fast and furious!— (@Kushghodasara) July 01, 2022
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