Mukesh Ambani, the head of the country’s largest company Reliance Industries, will address 35 lakh investors on Thursday afternoon at 2 pm. However, before that, Mukesh Ambani’s company had suffered a loss of over Rs 10,000 crore during the trading session in the stock market. In fact, on Wednesday, the company’s shares fell by 0.50 per cent. The effect of this was also seen on the company’s market capitalisation. However, from the AGM last year till now, the company’s shares have seen a rise of 22 per cent. Let us also tell you what kind of figures are seen among the shareholders of Reliance Industries ahead of the AGM on Wednesday.
Company shares fall
Wednesday sees a slight decline in the shares of Reliance Industries. According to BSE data, the shares of Reliance fell by 0.50 per cent to Rs 2,985.35 during the trading session. However, 15 minutes before the market closed in the evening, the company’s shares were trading at Rs 2,993.05 down 0.25 per cent. However, a day earlier, the company’s shares had closed at Rs 3,000.45. On August 8, the company’s shares touched a record high of Rs 3,217.90.
Increase of more than 22 percent in one year
Last year, i.e. in 2023, the company’s Annual General Meeting was held on August 28. After the market closed, the company’s share price was Rs 2,442.55 crore. In which, a growth of over 22 percent has been seen so far. What is special is that the company’s market capitalization has seen an increase of over Rs 3.50 lakh crore. According to experts, Reliance shares can reach Rs 3,500 crore.
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The company suffered a loss of Rs 10 billion.
Due to the fall in the stock on Wednesday, there has been a huge drop in the market capitalisation of the company. There has been a loss of over Rs 10,000 crore in the market capitalisation of the company during the trading session. According to the data, when the stock market closed a day ago, the market capitalisation of the company was Rs 20,29,540.61 crore, which dropped to Rs 20,19,326.79 crore during the trading session. This means that the company suffered a loss of Rs 10,213.82 crore during the trading session.
