Reliance AGM 2023: Mukesh Ambani's RIL lost 13 thousand crores in 10 minutes

The effect of Reliance Industries' AGM is being seen in the stock market on Wednesday as well. The shares of the company have declined by 1.86 per cent during this period. If last week's data is also added, then the decline has been seen to be more than 5 percent.

After the AGM, the stock of Reliance Industries is seeing a decline for the second consecutive day. Even though the fall in the shares is a minor fall, even after that more than 13 thousand crore rupees were cleared from the market cap of the company in 10 minutes. On Monday, when the AGM started at 2 pm and the company's shares continued to decline till the market closed. This morning also the stock of the company went to the lower level of the day. According to experts, investors were waiting for the IPO of retail and telecom arm in AGM. Mukesh Ambani did not mention the IPO of either of the two companies in the AGM. Let us also tell you what is the condition of Mukesh Ambani's Reliance shares.

Ambani's shares fall

On Monday, the company's stock closed down by more than one percent and today i.e. on Tuesday, the company's stock fell by 0.75 percent, that too within 10 minutes. At 10:30 am, the company's stock is trading at Rs 2433.90 on BSE, down 0.35 per cent i.e. more than Rs 8. While after 10 minutes of opening the market, the company's stock came down to the lower level with Rs 2424. By the way, a day ago the shares of the company had closed at Rs 2442.55.

Loss of more than 13 thousand crores in 10 minutes

If we talk about the market cap of the company, then in 10 minutes there has been a loss of more than 13 thousand crore rupees. Talking about the figures, when the market closed a day ago, the company's mcap was Rs 16,52,535.99 crore. Today, when the company's share came at Rs 2424 at 9.25 am, the market cap of the company came down to Rs 16,39,346.24. This means that in this 10 minutes the market cap of the company suffered a loss of Rs 13,189.75 crore.

Valuation was also reduced last week

In the last week also, the market cap of the company had suffered a huge loss. There was a big fall in the valuation due to a big fall in the shares of the company. Talk about the figures, there was a loss of 3.39 percent. After which more than Rs 58,600 crore was cleared from the market cap of the company. If you look at the low of Monday and Tuesday, then there is a loss of 1.86 percent. Last week and in the current week so far, the company's shares have lost more than 5 per cent and have lost more than Rs 90 thousand crore from the market cap.