Investors of the Ambani brothers group companies grew wealthier by a cumulative Rs 18,000 crore in a single day on Monday, driven by the massive spurt in the stocks of RIL (RELIANCE.NS : 999.85 -22.8) and ADA Group companies following their decision to smoke the peace pipe by terminating all the non-compete agreements effected in January 2006.
The market capitalisation of Reliance Industries, the country's most valued firm, soared by Rs 8,405 crore to Rs 3,34,060 crore at the end of the trade today up from Rs 3,25,655 crore on Friday.Shares of RIL surged 2.58 per cent to settle at Rs 1,021.45 on the Bombay Stock Exchange (^BSESN : 16121.35 -348.2). During the trade the stock jumped 5.34 per cent to touch an intra-day high of Rs 1,049.
Meanwhile, the shares of ADA Group companies made their investors richer by Rs 9,552.09 crore with their combined m-cap soaring to Rs 1,18,525.98 crore today.