TATA-AMBANI 2LST

The market wealth of the top groups has been shaken in
the past few days, especially due to a sharp rally in some
Tata group stocks such as Tata Motors and Tata Steel, as well
as erosion in the value of the Mukesh Ambani group's flagship
firm, RIL, and ADAG firm RCom.
Reliance (both ADAG and MDAG) pack shares were on a
rising spree after the warring siblings called a truce on May
23. However, in the past eight days of trade, RIL has risen
only once. Last week alone, the company's market
capitalisation was eroded by nearly Rs 7,000 crore.
RIL, however, still remains the country's most valued
company on an individual basis.
In the previous week, the Tata group's auto company Tata
Motors' shares sky-rocketed after the company posted a robust
June quarter profit. Tata Steel has also recorded smart gains
recently. PTI SKR
KAB