Shares of Anil Dhirubhai Ambani Group (ADAG) companies rose by 0.23% to 1.85% on BSE after Samajwadi Party secured a stunning victory in Uttar Pradesh assembly.
At 11.43 am, Reliance Infrastructure up by 1.85%, Reliance Power up by 1.71%, Reliance Capital up by 1.09%, Reliance Communications up by 0.87% and Reliance MediaWorks up by 0.23%
According to media reports, the Reliance Anil Dhirubhai Ambani Group (ADAG) could benefit from a Samajwadi Party's (SP) victory in Uttar Pradesh. Anil Ambani is known to be close to SP President Mulayam Singh Yadav.
The results of the Assembly elections in the five states were declared on Tuesday, March 06, 2012. The Congress and the Bharatiya Janata Party's (BJP) hopes for a revival in India's most populous state were dashed as Uttar Pradesh's 12.73 crore voters rallied behind the SP to hand it a stunning victory over Mayawati's Bahujan Samaj Party.
Winning 224 seats, the Mulayam Singh Yadav-led party is set to form the government in the state with a comfortable majority in the 403-member assembly.
....more info
At 11.43 am, Reliance Infrastructure up by 1.85%, Reliance Power up by 1.71%, Reliance Capital up by 1.09%, Reliance Communications up by 0.87% and Reliance MediaWorks up by 0.23%
According to media reports, the Reliance Anil Dhirubhai Ambani Group (ADAG) could benefit from a Samajwadi Party's (SP) victory in Uttar Pradesh. Anil Ambani is known to be close to SP President Mulayam Singh Yadav.
The results of the Assembly elections in the five states were declared on Tuesday, March 06, 2012. The Congress and the Bharatiya Janata Party's (BJP) hopes for a revival in India's most populous state were dashed as Uttar Pradesh's 12.73 crore voters rallied behind the SP to hand it a stunning victory over Mayawati's Bahujan Samaj Party.
Winning 224 seats, the Mulayam Singh Yadav-led party is set to form the government in the state with a comfortable majority in the 403-member assembly.
....more info