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Tuesday, December 6, 2011

Dismal performance of ADAG shares over years

ADAG (Anil Dhirubai Ambani Group) is Anil Ambani led group with its assets and net worth  over Rs.1,80,000 crore   and 90,000 crore respectively. ADAG group enjoys the largest customer base in India which is above 10 crore.
Share holder base of this company is about 12 million.
But when it comes to the returns, ADAG group companies have performed miserably.
In India bull run started from 2004 and I took 1/1/2004 as the base date for calculating the returns.For Companies which were incorporated after 1/1/2004, their listing day was taken as the base date.
Performance of ADAG companies

Barring Reliance capital which gave the return of 125 % since 1/1/2004, all other ADAG companies turned up with negative returns.  


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