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The company’s market capitalization has fallen by over Rs 84,000 crore due to falling stock prices.
Mukesh Ambani Reliance Industries (Reliance Industries) The company’s stock price has fallen for three consecutive days. Since Monday, Tuesday, Wednesday and Thursday, the company’s stock price has dropped about 5%. The company’s market capitalization as a result of its stock price falls. Reliance Industries’ market capitalization has fallen by over 84 lakh rupees.
In fact, the company’s stock is falling due to speculation about Reliance Industries’ profits and revenue. It is estimated that according to Reliance’s quarterly results, profits may decline.
The company’s shares fell 2% today
Reliance shares fell 2% on Thursday. After market close, Reliance shares closed down 2.11 per cent at Rs 2,472.10. Today, i.e. Thursday, the company’s stock opened at Rs 2,525 and touched a high of Rs 2,531.90 during the trading session, but due to a fall in the stock, the stock closed at an intraday low of Rs 2,465.65 during the session. However, the company’s shares closed at Rs 2,525.50 a day ago.
The company’s stock price has fallen nearly 5% in three days.
Since Monday, the company’s shares have been steadily falling. When markets closed on Monday, the company’s shares were trading at Rs 2,596.55. Then the cutting process begins on Tuesday. Since then, the company’s stock has fallen by Rs 124.45 per share. To put it another way, the company’s shares fell 4.79% in the three days from Tuesday to Thursday.
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Lost 84 trillion in 3 days
Shares of Reliance Industries continued to decline for three consecutive days, causing the company’s valuation to continue to decline. After markets closed on Monday, the company’s valuation was Rs 17,56,690.54 crore, which fell to Rs 16,72,494.15 crore today. This means the company’s market capitalization lost Rs 84,196.39 crore during the period. The company’s valuation also fell last week.
Tagsdependent industries mukesh ambani Mukesh Ambani Reliance Industries Reliance Industries Stock price
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Source: Tekmonk Bio, Make Money Blogging
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