Mukesh Ambani’s Reliance loses Rs 73470 crore in a day after…
Reliance’s stock dropped 3.49 per cent to settle at Rs 3,001.10 on the BSE.
Mukesh Ambani owns India’s most valuable company by market valuation, Reliance Industries. He is the richest man in Asia with a net worth of Rs 976320 crore (as of July 22), as per Forbes. He is the chairman of Reliance Industries, which is present in several sectors including oil, retail, telecom and others.
On Monday, the company’s market valuation was wiped out by Rs 73,470.59 crore to Rs 20,30,488.32 crore. It came after shares of Reliance dropped over 3 per cent after the company reported a 5 per cent drop in its June quarter net profit.
The blue-chip stock dropped 3.49 per cent to settle at Rs 3,001.10 on the BSE. During the day, it went lower by 3.56 per cent to Rs 2,998.80 On the NSE, it declined 3.41 per cent to Rs 3,004. In traded volume terms, 1.90 lakh shares of the company were traded at the BSE and 98.37 lakh shares at the NSE during the day.
Heavy selling pressure in Reliance Industries also dragged the benchmark indices. Falling for the second day in a row, the 30-share BSE Sensex fell 102.57 points or 0.13 per cent to settle at 80,502.08. The NSE Nifty dipped 21.65 points or 0.09 per cent to 24,509.25.
Reliance Industries Ltd on Friday reported a 5 per cent drop in its June quarter net profit as lower fuel cracks and petrochemical margins outdid gains in telecom and retail businesses. The conglomerate’s consolidated net profit was at Rs 15,138 crore, or Rs 22.37 per share, in the April-June period — the first quarter of the current 2023-24 fiscal year — compared to Rs 16,011 crore, or Rs 23.66 a share, earnings a year back, according to a company’s statement.
News
After Divorce Abhishek Bachchan Missing his daughter Aaradhya badly, Filed Case for her Custody
After Divorce Abhishek Bachchan Missing his daughter Aaradhya badly, Filed Case for her Custody Aishwarya Rai Bachchan and Abhishek Bachchan: Rumors of Divorce and Impact on Aaradhya Introduction The Bollywood power couple, Aishwarya Rai Bachchan and Abhishek Bachchan, have always…
Aaradhya Bachchan Custody CONFIRMED after Abhishek Aishwarya Divorce
Aaradhya Bachchan Custody CONFIRMED after Abhishek Aishwarya Divorce Aaradhya Bachchan’s Custody: A Heartbreaking Update The Bollywood world was sent into shockwaves today as rumors circulated about a potential divorce between the iconic couple, Abhishek Bachchan and Aishwarya Rai Bachchan. While…
After Divorce Abhishek Bachchan Wants Aaradhya Bachchan Custody, He Missed Her & Hate Wife Aishwarya
After Divorce Abhishek Bachchan Wants Aaradhya Bachchan Custody, He Missed Her & Hate Wife Aishwarya Aishwarya Rai and Abhishek Bachchan’s Divorce: A Heartbreaking Update Rumors of Aishwarya Rai and Abhishek Bachchan’s impending divorce have been swirling around for some time,…
Yeh Rishta Kya Kehlata Hai Co Star Karan Mehra Crying for Hina Khan On Her Breast Cancer
Yeh Rishta Kya Kehlata Hai Co Star Karan Mehra Crying for Hina Khan On Her Breast Cancer Karan Mehra’s Heartfelt Message for Hina Khan Amidst Cancer Battle A Touching Show of Support In a heartwarming display of solidarity, actor Karan…
Sad News! Hina Khan Cancer Spreading in Body, Critical Condition Doctor Revealed
Sad News! Hina Khan Cancer Spreading in Body, Critical Condition Doctor Revealed Hina Khan’s Battle with Breast Cancer: A Heartbreaking Update Bollywood actress Hina Khan is facing a critical health battle. After undergoing surgery for breast cancer, her condition has…
Deepika Padukone Normal Baby Delivery by Doctors
Deepika Padukone Normal Baby Delivery by Doctors Deepika Padukone’s Pregnancy: Tips for a Normal Delivery Bollywood actress Deepika Padukone is expecting her first child. As she prepares for her due date in September, many are curious about her pregnancy journey…
End of content
No more pages to load