Open AccessPerformance of Indian Stock Market BSE Sensex and Adag (Anil Dhirubhai Ambani Group) Stocks for the Period of Jan 2008 to Oct 2019
Author(s) -
Girisha Nayak S*,
Gaurav Lodha
Publication year - 2020
Publication title -
international journal of recent technology and engineering
Language(s) - English
Resource type - Journals
ISSN - 2277-3878
DOI - 10.35940/ijrte.e4570.018520
Subject(s) - stock exchange , club , market capitalization , stock (firearms) , stock market , capitalization , share price , economy , economics , economic history , business , finance , geography , biology , linguistics , context (archaeology) , philosophy , archaeology , anatomy
The main goal of the current research is to examine the relationship of ADAG (Anil Dhirubhai Ambani Group) of shares on Indian stock market SENSEX. The present research uses the monthly closing data for the period starting from Jan 2008 to Oct 2019 collected from secondary sources like Bombay stock exchange and money control.com. Eleven years ago, Anil Ambani was recognized as the sixth richest man in the world. In 2019, he is not in the billionaire’s club. After another drop-in share prices, the total capitalization of six companies from the Anil Dhirubhai Ambani Group reached 6,196 crores, making the net worth of President Anil Ambani less than USD 1 billion. At the end of 2000, energy production was considered a sunrise sector, as India began major reforms in the energy sector and ambitious privatization. When the government talked about major initiatives for coal, heat and nuclear projects, investors thought energy reserves would turn into many entities. The bubble burst when the sector was persecuted by corruption charges and came under severe price pressure. It is not easy to see the sunrise sector.