- After the quarterly results, the stock market fell more than 4 percent
- Reliance shares have come down to less than 3 months, there is pressure on the market
Today the stock market is facing pressure due to the fall in Reliance Industries shares. The special thing is that Mukesh Ambani’s Reliance Industries shares have fallen to a low of more than three months and have lost about Rs 63 thousand crore in 15 minutes of business. If you talk about SENSEX, it is trading below 39500 points. While the Nifty appears at 11600 points. According to experts, Reliance has seen a decline in consolidated revenue and profit due to losses in petrochemicals and retail business, due to which Reliance shares are seeing a decline.
Share of the company at a low level of more than three months
Today, Mukesh Ambani’s Reliance Industries stock has fallen by more than 4% in just 15 minutes of trading on the stock market. The company’s stock had fallen by 4.30 per cent to Rs 1960 level in 9:30 am. Which is mid-July level. If you compare it with the previous trading day, the company’s shares had seen a decline of 94 rupees. Because of which such a difference was seen in the shares of the company. If we talk about Friday’s shares, it closed at Rs 2054.
63 thousand crore rupees loss
During this period, Mukesh Ambani’s Reliance suffered heavy losses due to a steep fall in the company’s shares. The company’s market cap on BSE has come down significantly. If you talk about the figures, when the stock market closed on Friday, the market cap of the company was Rs 13,89,159.20 crore, which came to Rs 13,26,442.65 crore on Monday at 9:30 am. That is, around 63 thousand crores of rupees were cleared from the company’s market cap.
Worse condition is being seen since October
For the past one month, the shares of the company are seeing a significant decline. Since October 9, the shares of the company have fallen by more than Rs 270 so far. When the market closed on 9 October, the company’s market cap was Rs 2236. At the same time, if we talk about the market cap of the company, since then, the company has incurred a loss of about 1.84 lakh crore rupees. Now you can guess how much damage has been done to Mukesh Ambani.
stock market crash
At present, there is a big decline in the stock market. The Bombay Stock Exchange’s flagship index Sensex is trading at 39376.76 points, down 237.31 points. While the National Stock Exchange’s leading index Nifty 50 is trading at 11568.05 points, down by 74.35 points. According to experts, the stock market may fall further.