Reliance Industries Share: The fall in the stock market is affecting not only small companies but also the country’s billionaires Ambani and Adani. The stock of Reliance Industries Limited (RIL), the country’s largest company in terms of market cap, has been witnessing a sell-off for the past few days. A day earlier on Monday, the stock of Mukesh Ambani’s company also fell by about three percent amid heavy selling. The effect of this sell-off was that the market cap of RIL fell by Rs 50,205 crore.
Reliance Industries Share closed at Rs 1302
The market cap of Reliance Industries fell to Rs 17,61,915 crore on Monday. At one time, the market cap of Reliance Industries had crossed Rs 20 lakh crore. On Monday, Reliance shares fell 2.77 percent to Rs 1302 on BSE. At one point during trading, its shares fell by 4 percent. Reliance Industries shares fell 2.72 percent to Rs 1,302.15 on NSE. Due to this sell-off, the company’s market valuation fell by a huge Rs 50,205.1 crore.
Reliance Industries Share’s market cap reduced to Rs 17.62 lakh
The effect of the decline was that RIL’s market cap came down to Rs 17,61,914.95 crore. In terms of trading volume, 13.52 lakh shares of the company were traded on BSE and 197.97 lakh shares were traded on NSE. BSE’s benchmark index Sensex closed at a three-month low of 78,782.24 points, falling 941.88 points or 1.18 percent due to massive selling in Reliance and bank shares. NSE’s index Nifty closed at 23,995.35 points, falling 309 points or 1.27 percent.
Status of Reliance Industries Share
Reliance’s share on BSE closed at Rs 1302 on Monday. This share, which opened at Rs 1337, fell to Rs 1285 during intraday. But later closed at Rs 1302. During 52 weeks, the low level of the share is Rs 1,149 and the high level is Rs 1,608.95. Experts are giving a buy rating to the share.
