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RIL AGM 2020: Mukesh Ambani lost 80 thousand crores, know how

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new Delhi. Whereas in the 43rd Reliance Industries 43rd AGM, Mukesh Ambani was overwhelmed by big announcements. On the other hand, Mukesh Ambani also suffered a loss of more than 80 thousand crores (Mukesh Ambai Lost 80 Thousand Crores) during this period. In fact till the closing of the share market, the shares of the company fell by about 4 percent. Whereas this fall of the company reached 6 percent during the trading session. The special thing is that the company’s share price (Reliance Industries Share Price) again ran a record breaking. Because of which the company’s share (RIL Share Price) reached a height of 52 weeks. From there, the company’s stock which started falling, then closed at a level of Rs 1800. Due to which the market cap of the company also fell below Rs. 12 lakh crores.

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Company’s stock fell from 52 weeks high
Today the Reliance Industries stock fell 4 percent. After the closing of the Sensex, the main index of the Bombay Stock Exchange, the company’s share price fell by Rs 71 to close at Rs 1845.60 per share. Whereas today the company’s stock opened at Rs 1938.70 per share. Whereas today the company’s stock had reached close to Rs 2000 per share. At one time the company’s stock stood at Rs 1978.50. Shortly before the start of the AGM, the company’s shares began to decline. Let us tell you that the shares of the company closed at Rs 1916.65 per share on Tuesday.

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Market cap below 12 lakh crore rupees
The company’s market cap also fell below Rs 12 lakh crore due to the fall in shares. Today the market cap of the company started at the level of Rs 12.25 lakh crore. Along with the rise in prices in stocks, the market cap also continued to fall. According to experts, Reliance’s market cap came down to Rs 11,70,000.49 crore till the market closed due to the fall in the company’s shares.

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Mukesh Ambani lost 80 thousand crore rupees
Before Reliance Industry’s AGM started, the company’s shares were seeing a boom. The company’s stock then came to Rs 1978.50 per share. The market cap of the company at that time was Rs 1254251.17 crore. As soon as the market closed and Reliance shares fell to 4 per cent, the market cap of the company came to Rs 11,70,000.49 crore. If you see the difference between the two, then it is sitting at more than 80 thousand crores rupees. This is the loss of Reliance and Mukesh Ambani.

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Mukesh Ambani lagging behind Warren Buffett
On the other hand, Mukesh Ambani fell behind Warren Buffett in terms of property. According to the Bloomberg Billionaires Index, Mukesh Ambani’s assets have lost $ 782 million due to the fall in Reliance shares. Due to which he has slipped from 6th place to 8th in the list of billionaires. On the other hand, Warren Buffet has once again occupied the 6th position. At the same time, Google’s founder Larry Page has also moved up one place from Mukesh Ambani to 7th place. Currently, Mukesh Ambani’s assets have come to 71.6 billion.

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Today the stock market closed at a flat level
On the other hand, the impact of the fall in Reliance shares was also visible on the stock market. Today, the Sensex fell 550 points below its highest level and closed at a flat level of 36052 points with a slight gain of 18.75 points. On the other hand, the National Stock Exchange’s major index Nifty 50 closed at 10618 points with a slight gain of 10.85 points. The oil sector saw the biggest drop of nearly 300 points. The IT sector closed up nearly 800 points. In fact, shares of the company closed today with a gain of 17 per cent on the back of Wipro’s quarterly results.

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