Home National Mukesh Ambani’s Reliance Industries Shares Hit Nine-Month Low Amid Market Selloff

Mukesh Ambani’s Reliance Industries Shares Hit Nine-Month Low Amid Market Selloff

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mukesh ambani's reliance industries shares hit nine-month low amid market selloff

New Delhi: Shares of Reliance Industries (RIL) saw a significant drop of 4 per cent on Monday, reaching a nine-month low due to heavy selling pressure in the market. This decline has resulted in negative year-to-date (YTD) returns for Reliance shares.

During intraday trading on the Bombay Stock Exchange (BSE), the stock fell by as much as 4.03 per cent, hitting a low of Rs 1,285.10 per share. Consequently, the company’s market capitalization decreased to approximately Rs 17.40 lakh crore. Reliance stock has now dropped over 20 per cent from its 52-week high of Rs 1,608.95 per share, which was recorded on July 8 (after adjusting for a 1:1 bonus).

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. Times Now Digital suggests its readers/audience to consult their financial advisors before making any money-related decisions.)

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