Shares of textiles manufacturer Alok Industries rallied almost 16 percent in trade on Friday, spiking for the 3rd time this week, after Reliance Industries invested ₹3,300 crore in the company.
Reliance Industries, led by Mukesh Ambani, continued to diversify its business operations and consolidate its presence in various sectors. The conglomerate made significant moves in the broadcast, retail, and 5G sectors, aiming to become a prominent player across industries. Key developments include succession planning, expansion in the broadcasting sector, a focus on renewable energy, retail growth, and leadership in the telecom space
Top gainers and losers in BT500 list: Firms from the defence, railways, metals, renewables, and PSU sectors are in black. However, oil & gas and pharma sectors are stll low
The top 3 companies in BT500 list are consistent. The first spot has been taken by Reliance Industries Ltd (RIL) followed by Tata Consultancy Services (TCS) and HDFC Bank. Here are other firms