Share Market: Reliance shares sold off after results, became Nifty's top loser
RIL Share: Last week many companies announced their quarterly results. Today, the company's shares are trading down in early trade. Let us tell you that the demerger of Reliance Financial took place last week. Many experts believe that the reason for the decline in the company's stock is somewhere in the demerger. Let us know about it in detail.
Last week, Reliance Industries announced the results for the April-June quarter. The net profit of the company has fallen in this quarterly results. The stock of the company has also seen a decline in the early trade today.
Today both the indices of the Indian stock market are trading with a decline. In early trade today, the Sensex opened 87.24 points higher at 66,597.02. With this, the NSE fell 0.05 percent to 19,734.35. Come, let us know by what percentage the shares of Reliance Industries have fallen.
Reliance Industries shares fell 2 percent in morning trade on Monday. Shares of the company were trading down 2.03 percent at Rs 2,487.30 per share this morning. With this, the company's shares fell 1.96 percent to Rs 2,486.50 per share on the BSE.
At the time of writing the news, shares of Reliance Industries were trading down 35.70 points at Rs 2,503.05 per share.
Reliance Industries announced its quarterly results in a regulatory filing on Friday. This quarter, the company's net profit has seen a decline of 11 percent. The company's net profit for the quarter stood at Rs 16,011 crore. At the same time, the company's profit was Rs 17,955 crore in the same period a year ago.
The company's income this quarter has been Rs 2.07 lakh crore. At the same time, the company's income was Rs 2.19 lakh crore in the same quarter a year ago. The company declared a dividend after the results. The company will pay a dividend of Rs 9 to investors.
Now the market capitalization (market cap) of Reliance Industries is reduced to Rs 16,74,658 crore. Let us tell you that according to market valuation (M-Cap), Reliance Industries is still the largest company in the country.
