RIL Share Price: Reliance shares fell 2.77 percent on BSE to close at Rs 1302. At one point during trading, its stock had fallen by 4 percent.
Reliance Industries Share Price: 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.
The stock 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’s share fell 2.77 percent on BSE to close at Rs 1302. During trading, at one point its share fell by 4 percent. Reliance Industries’ share on NSE closed at Rs 1,302.15 with a fall of 2.72 percent. Due to this sell-off, the company’s market valuation fell by a huge Rs 50,205.1 crore.
Market cap reduced to 17.62 lakh;
the effect of the decline was that the market cap of RIL reduced 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 heavy selling in Reliance and bank shares. NSE’s index Nifty closed at 23,995.35 points, falling 309 points or 1.27 percent.
Share Status:
Reliance share closed at Rs 1302 on BSE on Monday. The share which opened at Rs 1337 fell to Rs 1285 during intraday. But later closed at Rs 1302. The share’s low level during 52 weeks is Rs 1,149 and high level is Rs 1,608.95. Experts are giving a buy rating to the share.
