Mukesh Ambani’s company got a big blow of Rs 80,000 crore in two days, know the reason
Reliance Industries Share Price: A continuous decline is being seen in the stock market for the last two days. On Monday, Sensex fell by more than 1100 points, while on Tuesday also it closed flat. Sensex on BSE closed at 84,266.29 with a fall of 33 points, while Nifty on NSE closed at 25,807.35 with a slight fall of 0.01%. Due to this fall, shares of many major companies suffered huge losses. Shares of Reliance Industries were also facing decline on both Monday and Tuesday, due to which the market capitalization of the company was reduced by about Rs 80,000 crore.
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The market cap of the company dropped to below
Due to the two-day decline, the market cap of Reliance Industries has decreased by approximately Rs 80 thousand crore. On Monday, the company’s shares saw a decline of more than 3%, due to which its market cap decreased by approximately Rs 67 thousand crore to Rs 19.98 lakh crore. Came to Rs.
After this, on Tuesday also a further decline of about Rs 12 thousand crore was recorded in the market cap of the company. As a result of this two-day decline, the market cap of Reliance Industries declined by a total of Rs 79 thousand crore.
At present, the total market cap of Reliance Industries is Rs 19.82 lakh crore. This significant decline has been recorded in the market value of the company due to fluctuations in the stock market, which is being considered a major financial blow in recent times.
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More than 3% decline in 30 days
The company’s shares have seen a lot of ups and downs in recent times. Shares have fallen 3.48% in the last one month, causing losses to investors. If we talk about the period of 6 months, then during this period also investors have faced disappointment, because the stock has fallen by 1.43%. However, this stock has proved profitable for long term investors. In the last 5 years, it has given a return of about 126%, which shows that this company has been able to give good profits to investors in the long term. However, despite the recent fall, this Reliance stock has maintained its strong position over time and has given better returns to long term investors.
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