"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," SMC Capital Equity Head Jagannadham Thunuguntla said.

1. MONDAY, JUNE 15, 2009
Mukesh Ambani Lost Rs 32,574 Crore while Anil Ambani Gained Rs 3,438 Crore
Today, in market capitalisation, companies led by Mukesh Ambani group lost Rs 32,754 crore while
RNRL, Anil Ambani group firm gained Rs 3,438 Crore after the orders of Bombay High Court to RIL
about supplying gas to ADAG firm at $ 2.34 per mmBtu.
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 equity 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"