Mukesh Ambani Health Update; Reliance (RIL) shares news, M Cap Reduced By 70 Thousand Crores » India News
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Mukesh Ambani Health Update; Reliance (RIL) shares news, M Cap Reduced By 70 Thousand Crores

Mukesh Ambani Health Update; Reliance (RIL) Shares News, M Cap Reduced By 70 Thousand Crores | RIL shares lost 6% in 1 hour; Mcap reduced by 70 thousand crores, reduced by one lakh crores in a week

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Last week, Mukesh Ambani made an appearance through a webinar at the wedding of the country’s legendary lawyer Harish Salve. -File photo

  • In July this year, the stock had lost 6.2% in one day, at that time it was reduced from Rs 1978 to Rs 1798.

Shares of the country’s largest company Reliance Industries Ltd (RIL) fell as much as 6% today. Due to this, its market capitalization has reduced by Rs 70 thousand crore in just one hour.

This is because the company’s chairman Mukesh Ambani is reported to be in a bad condition. However, RIL declined to comment on the issue.

Earlier in July this year, the stock had lost 6.2% in one day. At that time it had come down from 1978 to 1798 rupees.

Rumor on social media for 15 days

For the last 15 days, the news has been going on on social media that Mukesh Ambani’s condition is bad. He has been transplanted organically to London. Their weight has decreased by 30 kg.

It is being said on social media that this is why the Ambani family is not seen in the IPL. However, on the contrary, last week, Mukesh Ambani had made an appearance through a webinar at the wedding of veteran lawyer Harish Salve.

Brokerage houses are now gathering information

By the way, some brokerage houses believe that this news has not come out yet and until it comes to complete information about it, then it would be wrong to say, but its impact on the shares has been fiercely shown this morning.

Some brokerage houses say the stock is under pressure due to the Future Retail deal and the company’s poor results on Saturday. Some brokerage houses say the result is not so bad that the stock breaks 6%. There is some other matter behind this.

This photo of Mukesh Ambani is being circulated on social media.  However, it is not confirmed that the photo is original or edited.

This photo of Mukesh Ambani is being circulated on social media. However, it is not confirmed that the photo is original or edited.

1940 shares gone at Rs.

On Monday morning, Reliance Industries shares fell 6% to Rs 1940. This is the lowest level in the last four months.

Due to this, in an hour on Monday, the MCAP decreased by Rs 70 thousand crore, while the market cap of the company has decreased by Rs one lakh crore since October 23.

The share has touched a new high due to stake sale

Recently, RIL shares were up sharply due to the sale of a stake in Jio Telecom and in the retail segment. Whereas before this the stock was underperforming for many years.

The company may not have performed well in the first quarter because of Corona, but it has performed well in the second quarter. Its net profit in the second quarter declined by 15% to Rs 9,500 crore. However, its revenue has also come down from Rs 1.48 lakh crore to Rs 1.28 lakh crore.

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