Reliance Retail Became Second-Fastest-Growing Retail Company

Reliance Retail become the second-fastest-growing retail company in the world.

Reliance Retail Ltd, a company of billionaire Mukesh Ambani, has achieved the status of the world’s second-fastest-growing retail company in the year 2021.

Reliance Retail ranked 53rd this year in Deloy’s annual Global Retail Power Houses rankings. Earlier it was at 56th position.

In this way, the company has improved its position by 3 positions this year. Reliance Retail topped the world last year in terms of rapid growth.

Walmart Inc. of America tops the list of Deloy’s retailers. In this way, Walmart has retained its position as the world’s top retailer.

Apart from this, Amazon.com came second on this list. After this, the Costco Whole-cell Corporation of America is in third place and the Swarg Group of Germany is in fourth place.

Seven of the top-10 companies on this list are US-based companies only. Among the top-10 companies, Kroger Company has been ranked fifth.

Walgreens Boots Alliance sixth, Germany’s Aldi Inkoff GmbH & Co. Oechiji, ninth place CVS Health Corporation and tenth place UK’s Tesco plc.

Reliance Retail is the only Indian company in this list of the world’s largest retailer companies. Reliance has been named for the fourth consecutive time in the Global Powers of Retailing and World Fastest Retailers.

Deloy said in the report, ‘Reliance Retail topped the fast-growing 50 companies last year, but this year it has been second. Reliance Retail achieved 41.8 percent year-on-year growth.

The company achieved 13.1 percent growth in consumer electronics, fashion and lifestyle, and grocery retail chain stores at the end of 2019-20. ‘

Sensex-Nifty ran fast as soon as it opened, except for Maruti, stocks rose sharply.

After Mothers’ Day, Sensex’s rally has increased. It opened up 289 points at 49,496 in the Pre open session itself. At the time of opening at 9:15, it went up by 300 points and reached 49,515.

Except for 3 stocks including Maruti, all other stocks saw a good Rally. Dr. Reddy’s shares are the biggest gainers. The Nifty 50 is also trading up 106 points at 14,930.

Earlier, the BSE Sensex had climbed above the 49,000 marks on Friday. The Sensex closed at 48,949.76, up 256.71 points, or 0.52 percent, at 49,206.47.

Metal stocks were heavily traded in the day’s trading, with many stocks touching their all-time highs. Tata Steel shares touched a 52-week high of Rs 1,192 and SAIL touched a 52-week high of Rs 145.85 per share.