Stock price analysis of Ambani brothers' firms
Whether or not the Anil group is right in accusing the Mukesh group of manipulating the market such that share prices of Anil group fall is something best left to the regulator. What we do know is that stocks belonging to the Anil group have fallen more than that of Mukesh group’s or even of the broader market.
HT Business analysed stock price movements of three Mukesh group companies and five Anil group companies that are listed on the National Stock Exchange, from May 23 — a day before Rcom entered into talks with MTN group — to date.
The stock price erosion in Anil’s companies is far greater than in Mukesh’s. The share prices of Anil group companies, have lost between 24 and 69 per cent of their value.
Mukesh group firms lost between 7 and 43 per cent. His flagship RIL lost 18 per cent, matching the market —S&P CNX Nifty and Sensex lost 19 per cent each.