Did PM Modi really favored Anil Ambani? Numbers tells us all!

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There were several allegations on PM Modi by Congress party for favoring Anil Ambani Companies over Rafale Deal and other big Deals.

The opposition has always attacked the Modi Government by calling the “Government of rich businessman” and not a common man’s Government.

Recently once again Rahul Gandhi of Congress hit at Prime Minister Modi by calling him corrupt and the “PM of Anil Ambani”. Congress President further said that PM Modi is behaving like Chowkidar of Ambani.

Did PM Modi really favored Anil Ambani?  The Wealth of Anil companies speaks like this.

I feel these allegations are baseless and are mainly focused to have the attention of the public.

Let us see performance Report of Anil Ambani Companies over the past BJP ruled years and evaluate their sales, Profits, and Stock price movement of Anil Ambani companies to understand whether PM Modi really favored Anil Ambani or not.

 

If PM Modi really favored Anil Ambani then Worth of Anil Ambani must have at least remained same and Firm. Look at the facts and numbers of his companies and wealth!

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Reliance Communications

  • Sales: Sales in 2013 was around 24,200Cr vs. latest 2018 sales of just 4600Cr
  • Profits: Profit after tax in 2013 was at around 1100Cr Vs latest year’s loss of 24,000Cr(-ve)
  • Share price movement: Stock price is moved from Rs. 150 levels in 2013 to the latest share price of just Rs. 6/ share
  • Past 5 Years Absolute Return on the stock price:  Loss of 96%( negative 96%)

Looking at figures you can easily tell there is no favor one can do to control these losses, these are purely due to High Debt raised by company and turbulent market conditions.

Did you see any Narendra Modi involvement in increasing the profitability of this company? Of course NO. These are purely rumors created by Rahul Gandhi of Congress!

Did PM Modi really favored Anil Ambani? did you feel any favor by Modi Government here?

Reliance Naval and Engineering

  • Sales: Sales in 2013 was around 2500Cr vs. latest 2018 sales of 380Cr
  • Profits: Profit after tax in 2013 was at around 31Cr Vs latest year’s loss of Rs. 1010Cr(-ve)
  • Share price movement: Stock price is moved from Rs. 80 levels in 2013 to the latest share price of just Rs. 9/ share
  • Past 5 Years Absolute Return on the stock price: Loss of 96%( negative 96%)

Again did you see any influence of Modi Govt in numbers?  these are purely due to huge Debt and high losses made by the company.

Reliance Home Finance

  • Sales: Sales in 2013 was around 425Cr vs. latest 2018 sales of Rs. 1600Cr
  • Profits: Profit after tax in 2013 was at around Rs. 43Cr Vs latest year’s 2018 Profit of 180Cr
  • Share price movement: Stock price is moved from Rs. 100 levels in 2013 to the latest share price of just Rs. 27/ share
  • Past 5 Years Absolute Return on the stock price:  Loss of 73%( negative 73%)

Reliance Power

  • Sales: Sales in 2013 was around 5100Cr vs. latest 2018 sales of Rs. 9800Cr
  • Profits: Profit after tax in 2013 was at around Rs. 1026Cr Vs latest year’s 2018 Profit of 927Cr, in spite of doubling the sales.
  • Share price movement: Stock price is moved from Rs. 150 levels in 2013 to the latest share price of just Rs. 11/ share
  • Past 5 Years Absolute Return on the stock price:  Loss of 93%( negative 93%)

Look at the share price of the company falling continuously and profits are dipping day by day.

 

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Reliance Capital

  • Sales: Sales in 2013 was around 7400Cr vs. latest 2018 sales of Rs. 19800Cr
  • Profits: Profit after tax in 2013 was at around Rs. 680Cr Vs latest year’s 2018 Profit of 1100Cr, in spite of huge revenue increase.
  • Share price movement: Stock price is moved from Rs. 650 levels to the latest share price of just Rs. 130/ share
  • Past 5 Years Absolute Return on the stock price:  Loss of 350%( negative 350%)

Reliance Infrastructure

  • Sales: Sales in 2013 was around 20,100Cr vs. latest 2018 sales of Rs. 25800Cr
  • Profits: Profit after tax in 2013 was at around Rs. 1800Cr Vs latest year’s 2018 loss of  2700Cr (-ve).
  • Share price movement: Stock price is moved from Rs. 800 levels to the latest share price of just Rs. 120/ share
  • Past 5 Years Absolute Return on the stock price:  Loss of 450%( negative 450%)

Reliance Nippon Life AMC

  • Sales: Sales in 2013 was around 675Cr vs. latest 2018 sales of Rs. 1563Cr
  • Profits: Profit after tax in 2013 was at around Rs. 270Cr Vs latest year’s 2018 Profit of 497Cr.
  • Share price movement: Stock price is moved from Rs. 300 levels to the latest share price of just Rs. 190/ share
  • Past 5 Years Absolute Return on the stock price:  Loss of 73%( negative 73%)

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Summary of all Anil Ambani Group(ADAG) Stock performance during BJP or Narendra Modi’s tenure

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One can easily understand the facts from the above summary of the performance of ADAG stocks and clearly make our there is no influence by Narendra Modi Government.

Preliminary investigations done by Modi Govt in order to counter the opposition parties attacking PM Modi on the deal with Reliance revealed that projects worth Rs 1 Lakh crore were awarded to Anil Ambani’s(ADAG) Reliance Group during the seven years of the Congress-led UPA government.

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Also, the regulatory approvals for Reliance Communications, the group’s telecom arm, had come in record time.

The government has compiled this data from key ministries such as power, telecom, road transport and highways as well as government entities like the National Highways Authority of India, Mumbai Metropolitan Region Development Authority and Delhi Metro Rail Corporation.a list of projects which revealed several projects were awarded to Anil Ambani’s companies by the Congress-led United Progressive Alliance (UPA) regime

Anyhow, nothing can be done with Congress now which is in greater shock after losing all states and now it is left with no other work apart from criticizing the Modi Government for the wrongs that are actually done by their own Government and taking advantage of all the good works done by Modi Government by claiming them their own.

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