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).
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