new Delhi. On July 30, the company will release the first quarter results (RIL Q1 Result) for the financial year 2020-21. Surprisingly, the company’s share (RIL Share Price) has already crossed the Rs 2000 level before that. On 23 March, Reliance’s share price closed at a 52-week low. After that, there has been a tremendous increase in the shares of the company. According to the data, the shares of Reliance Industries have seen an increase of 132 percent since then. At the same time, the company’s market cap has reached 12.71 lakh crore rupees. According to experts, the company’s shares are expected to increase in the coming days.
The company’s stock reached a height of 52 weeks
Today, Reliance Industries shares rose more than 1.64 percent to close at Rs. 2004.10 per share. While during the trading session, the company’s stock reached 52 weeks high with Rs. 2010 per share. Today, Reliance Industries stock opened at Rs 1980.05 per share. This was the first time the company’s stock crossed 2000 rupees. While Reliance’s AGM took place a few days ago, the company’s stock reached Rs 1978 per share.
132% return in 4 months
On the other hand, from March 23 till date, the company’s stock has given a return of 132% to the investors. Because of the Corona virus, when crude oil prices in the international market went down to a 21-year low. At that time, the prices of Reliance Industries, which intervened in the oil business, saw a tremendous fall in prices. The company’s stock reached a level of Rs 867.82 on 23 March, which was also a 52-week low. After which there has been a surge in the company’s shares. Four months have passed since then. The company’s stock has returned 132 per cent.
Market cap surge
At the same time, due to the surge in Reliance shares, the company’s market cap has seen a tremendous jump. When the company’s share reached Rs 2010, the market cap of the company reached Rs 12.71 lakh crore. When the market closed, the company’s market cap was Rs 12,70,480.06 crore. Let me tell you that in the last four months, there has been a difference of about 8 lakh crore rupees in the company’s market. During this time, the company has made its debt free by doing many important deals through the Jio platform.
Mukesh Ambani reached 5 top rich
On the other hand, Mukesh Ambani has reached the top five rich countries of the country. Mukesh Ambani’s own property has seen an increase of about $ 3.2 billion. Currently, Mukesh Ambani’s wealth has reached $ 75 billion. He has moved to fifth place from Annal Musk. According to experts, Mukesh Ambani’s wealth may increase even more in the coming days.
Domestic stock market declines today
Today, the country’s domestic stock market closed with a slight decline on Wednesday after a five-day gain. The Bombay Stock Exchange’s major index Sensex lost 59 points to close at 37872 points. While the National Stock Exchange’s major index Nifty 50 fell by 30 points to close at 11133 points. Today, IT, oil and auto sectors saw a significant decline. Hero MotoCorp and Tata Motors were the biggest losers in the market.