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Rerating Candidate! RIL Becomes 1st Indian Company To Hit M-Cap Of $150 Billion

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5 years ago

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Rerating Candidate! RIL Becomes 1st Indian Company To Hit M-Cap Of 0 Billion

Reliance Industries (RIL) Market Capitalisation Skyrocketed To $150 Billion In Intraday Trade On June 22, The First Indian Company To Achieve The Feat.

The Stock, Which Hit A Fresh Record High Of Rs 1804.10 On The BSE On Monday, Has More Than Doubled Investors’ Wealth Since Hitting A Low On March 24.

The Scrip Has Gained  20 Percent So Far In 2020.

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At 10:00 Am, RIL Was Trading 1.69 Percent Higher At Rs 1,789.

The Rally Seen In RIL Was Swift And Largely Backed By The Deals Which Helped The Mukesh Ambani-Led Company Become Debt-Free Company Well Ahead Of Its Target Of March 2021.

Also Read: What Makes Centre-State Relations Different In National Capital?

The Cumulative Investment Resulting From 11 Deals Struck By Reliance Industries For Its Digital Unit, Jio Platforms, Over The Past Nine Weeks Amounts To Rs 115,693.95 Crore.

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The Recent RIL Rights Issue Garnered Rs 53,124.20 Crore. Together With Jio Investments, RIL Managed To Raise Rs 1.68 Lakh Crore To Become Net Debt-Free.

“Within The Short Period Of About 59 Sessions, RIL Had Doubled The Wealth Of The Shareholders Especially During The Time Of The Pandemic. RIL Has Become India’s First $150 Billion Company. In Indian Currency, The Valuation Is More Than Rs 11 Lakh Crores,” Gaurav Garg, Head Of Research At Capitalvia Global Research Limited- Investment Advisor Told Moneycontrol.

Experts Are Of The View That RIL Turning Debt-Free And The Potential Listing Of Jio And Retail Arm Of The Conglomerate Is Likely To Result In A Rerating Of The Stock In The Near Term.

Also Read: A ‘500 Years Old’ Temple, Submerged In The Mahanadi In Odisha, Is 60 Feet In Height.

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Not Only Does This Reaffirm Jio’s Potential Transformation As A Technology Giant In The Eyes Of Global Investors, But Also Helped In RIL’s Goal Of Reaching Its Net-Zero Debt Goal At A Faster Clip.

Jio’s Dominant Position Should Allow It To Garner Strong Consistent Growth Over The Long Term. We Are Positive On Jio’s Multiple Monetisation Avenues Coming From Increasing Long-Term Arpus And Other Digital Applications With The Facebook Deal.

Fundamentally, The Fundraising Warrants For Rerating Of The Stock As Unlocking Of Value By Listing Reliance Jio And Retail Will Create Wealth For Its Shareholders From A 3 To 5-Year Perspective. However, The Current 94 Percent Rally In The Past 3 Months Is Unsustainable As The Human Mind Can Easily Extrapolate But Markets Act Differently All The Time.

Investors Think Stock Prices Will Move In A Straight Line But Realistically It Has Its Own Ups And Downs. And A Realistic Growth Path For Reliance Although Is Higher In The Long Term But In The Short, To Medium Term It Will Largely Underperform And Disappoint Investors Who Invest At Higher Levels.

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News Source: BussinessToday

Also Read: Actor Sushant Singh Rajput Committed Suicide At His Home In Bandra

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Bollywood

Siddharth Malhotra carries pregnant wife Kiara Advani’s bag in unseen pic from New York ahead of Met Gala 2025

Published

2 days ago

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May 6, 2025

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Siddharth Malhotra carries pregnant wife Kiara Advani’s bag in unseen pic from New York ahead of Met Gala 2025

One of Bollywood actor Kiara Advani’s most exciting and memorable years will be 2025. Kiara and her famous husband, Sidharth Malhotra, revealed their first child’s impending arrival in February of this year. The couple and soon-to-be parents were seen outside a hospital two weeks ago, and Kiara was the first to show off her gorgeous baby bulge and pregnancy glow.

To top it all off, Kiara will soon be attending her first Met Gala! She and Siddharth were photographed outside their New York hotel only last night. A fan posted this photo of Kiara Advani and Siddharth Malhotra on social media when they arrived at their New York hotel. Now, it has In a heartwarming display of affection, Bollywood actor Sidharth Malhotra.

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Recently spotted in New York City carrying his pregnant wife Kiara Advani’s handbag, ahead of her much-anticipated Met Gala 2025 debut. The candid moment, captured outside their hotel, quickly went viral on social media, with fans praising Siddharth’s supportive gesture

Kiara, expecting her first child with Siddharth, looked radiant in an oversized jacket layered over a midi dress, subtly showcasing her baby bump. Siddharth, dressed casually in a button-down shirt, followed closely behind, holding her white handbag—a simple yet touching act that resonated with fans online. The photo, shared on Reddit, garnered comments like.

The couple, who tied the knot in February 2023, announced their pregnancy earlier this year. Kiara’s appearance at the Met Gala marks a significant milestone, as she prepares to walk the red carpet in a custom Gaurav Gupta ensemble. While it’s yet to be confirmed if Siddharth will accompany her on the red carpet, his presence in New York underscores his unwavering.

Fans eagerly await Kiara’s Met Gala debut, anticipating a blend of Bollywood glamour and appearance at the Met Gala marks a significant milestone to walk the red He’s holding her bag they’re so highlighting the couple’s endearing dynamic international fashion flair. With Siddharth by her side, the couple continues to capture hearts, embodying love and partnership both on and off the screen support during this special time.

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In a heartwarming moment captured in New York City, Bollywood actor Siddharth Malhotra was seen carrying his pregnant wife Kiara Advani’s handbag as they entered their hotel ahead of the Met Gala 2025. The candid photograph, shared by a fan on Reddit, quickly went viral, with fans praising Siddharth’s supportive gesture Kiara, expecting her first child Siddharth.

Looked radiant in an oversized jacket layered over a midi dress, subtly showcasing her baby bump. Siddharth, dressed casually in a button-down shirt, followed closely behind, holding her white handbag—a simple yet touching act that resonated with fans online The couple, who tied the knot in February 2023, announced their pregnancy earlier this year. Kiara’s appearanc.

At the Met Gala marks a significant milestone, as she prepares to walk the red carpet in a custom Gaurav Gupta ensemble. While it’s yet to be confirmed if Siddharth will accompany her on the red carpet, his presence in New York underscores his unwavering support during this special time Fans eagerly await Kiara’s Met Gala debut, anticipating a blend of Bollywood.

Glamour and international fashion flair. With Siddharth by her side, the couple continues to capture hearts, embodying love and partnership both on and off the screen Kiara, expecting her first child with, looked radiant in an oversized jacket layered over a midi dress, subtly showcasing her baby bump. , dressed casually in a button-down shirt, followed Kiara’s carpet in a custom Gaurav Gupta ensemble.

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