RIL's Mcap fell intra-day from Rs 12.24 lakh crore to Rs 54,000 crore

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(Commercial Representative) Mumbai, Ta. 15 July 2020, Wednesday

Mukesh Ambani, Chairman and Managing Director at Reliance Industries Ltd.'s first Virtual 9th ​​Annual General Meeting (AGM) held today, launched a digital revolution in the country under the new India Ka Naya Josh. Was.

As a result, the stock price bounced back from a new record high of Rs 15 and at one point lost Rs 1,200. Along with this, the market capitalization of Reliance Industries also fell to Rs 4,000 crore intra-day from Rs 9,000 crore to Rs 11,50,000 crore. That is Rs 2,000 crore less than yesterday's dam.

With Mukesh Ambani announcing today that Google, as a new investor in Geo Platforms, has agreed to invest Rs 4.5 crore by buying a 7.5 per cent holding, Reliance has made two important announcements that India's first and Made in India Five-G solution has been developed from scratch. Was.

However, the stock traded higher today on the back of a negative impact on investors, including a statement from Reliance, which did not meet the expectations of investors, including acquisitions in the retail sector, and delays in the deal with Saudi Arabia's Aramco in the petroleum sector.

Shares of Reliance Industries on the BSE opened at Rs 12.50 against the previous close of Rs 1,215.9, hitting a new high of Rs 19.50 and then plunged to a low of Rs 19.15 at the last minute and finally fell by Rs 21.05 to Rs 19. Was 20.

At the same time, the market capitalization of Reliance Industries reached a record high of Rs 13.8 lakh crore at one point, ending at Rs 11.50 lakh crore. Thus, today's decline was as low as Rs 2,000 crore. Which fell to Rs 2,000 crore from intra-day highs.

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