Reliance's tremendous comeback, after 8 days the company has profit of more than 46,000 crores - Newztezz Online

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Tuesday, March 21, 2023

Reliance's tremendous comeback, after 8 days the company has profit of more than 46,000 crores


Shares of Reliance Industries closed with a gain of more than 3 per cent on Tuesday. Because of which an increase of 46 thousand crore rupees has been seen in the market cap of Reliance Industries.

The stock market has seen a good boom today. This boom has been seen due to the increase in the shares of Reliance Industries. Shares of Reliance Industries closed with a gain of more than 3 per cent on Tuesday. Because of which an increase of 46 thousand crore rupees has been seen in the market cap of Reliance Industries. This boom in Reliance Industries can also be called its tremendous low back. For the last 8 trading days, there was a continuous decline in the shares of Reliance. Because of which the market cap of the company had come down below Rs 15 lakh crore.

Reliance shares rose by more than 3 percent

Shares of the country's largest company Reliance saw a rise of more than 3 percent today. After which the company's stock closed at Rs 2,270.05. According to the data, the company's stock opened at Rs 2,222 on the Bombay Stock Exchange and the company's stock reached Rs 2,273.85 during the trading day. A day earlier, the company's stock had reached a 52-week low of Rs 2,180. By the way, the company's 52-week high is Rs 2,855, which it had seen in April 2022.

Company's market cap increased by Rs 46 thousand crore

Due to the boom in Reliance, there has also been a tremendous increase in the market cap of the company. According to the data, the market cap of the company stood at Rs 14,89,489.96 crore on Monday. Today, the company's stock saw an increase of 3 percent and the company's market cap reached Rs 15,35,799.73 crore by the close of the market. This means that there has been an increase of Rs 46,309.76 crore in the market cap of the company.

9 percent of the stock had fallen in 8 days

From March 8 to March 20, that is, in 8 trading days, the company's shares have seen a rise of about 9 percent. On March 8, the company's stock had closed at Rs 2,417.55. Since then, there has been a continuous decline in it. On March 20, the company's stock closed at Rs 2,201.60. During this, a fall of Rs 215.95 was seen in the company's stock. This means that the company's stock has fallen by about 9 percent.

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