The Mukesh Ambani group that includes Reliance Industries Ltd, Reliance Petroleum and Reliance Industrial Infrastructure Ltd lost this huge amount as stocks of all three companies settled with a loss of around 7%.
The total market capitalisation of Reliance Industries at the end of today's trading session stood at Rs 3.44 lakh crore which was Rs 3.71 lakh crore on June 12, Friday.
The orders of Bombay high court are major victory for Anil Ambani, when high court asked Mukesh Ambani's RIL to supply gas from KG Basin at USD 2.34 mmBtu to former's group firm.
This resulted in the increase of market capitalisation of RNRL from Rs 14,257 crore (as on Friday) to Rs 17, 694 Crore (today).
The other major gainers in the ADAG pack include Reliance Power which saw a gain of Rs 1,990 crore in its m-cap while, Reliance Infrastructure's m-cap surged by Rs 364.54 crore.
However, three other ADAG group firms-- Reliance Capital, Reliance Communications and Adlabs settled for in negative territory today and collectively lost Rs 3,365 crore.
According to Jagannadham Thunuguntla, SMC capital eqity head
"The positive momentum after the court ruling brought back encouragement to the ADAG pack. But if Reliance Industries goes to the Supreme Court it will start another long drawn battle. Keeping this in mind, the today's bull run in the ADAG pack looks short term".
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