Top Wealth Losers of FY'12
2. Reliance Industries
Reliance Industries, led by Mukesh Ambani, reported a drop of 28 percent in market cap. It was due to the fall in gas output and descending margins at its refining and petrochemicals businesses which pondered on its performance.
On the counter side, Tata Group topped the list of largest promoter groups, who ended the year with a marginal drop of 3.4 percent in market cap. Reportedly 20 out of 29 companies have faced losses in the last financial year but the better performance of Tata Motors, Titan Industries, Trent and Tata Global Beverages have balanced the overall impact of this downfall.
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