Shares of Reliance Industries goes down by 8%, Mukesh Ambani loses 7 billion

Mumbai : Shares of Reliance Industries fell 8 per cent on Monday. Shares of Reliance fell to Rs 1,890. The second quarter results saw a sharp drop in the company’s shares. Monday’s fall has hit Reliance investors by as much as Rs 1 lakh crore. On Friday, Reliance’s assets stood at Rs 13,89,159.20 crore. It now stands at Rs 1.12 lakh crore, up from Rs 12,77,991.30 crore.

The share of their promoters in Reliance Industries is 50.49 per cent. As a result, his wealth has plummeted by nearly Rs 55,000 crore and retail investors have also been hit by Rs 8,200 crore.

Shares of Reliance fell 8.62 per cent to Rs 1,877.30 on Monday evening. The company on Friday released its September quarter results showing a 15 per cent decline in the company’s net profit and a loss of Rs 9,567 crore. The same thing happened with the company’s shares, which fell sharply.

According to some analysts, the stock is expected to fall further, while others say it is likely to rise again.