Search This Website

Monday, 2 November 2020

News that Mukesh Ambani fell ill

News that Mukesh Ambani fell ill: Shares of RIL fell 6% in 1 hour, the market cap fell by Rs 70,000 crore; 1 lakh crore reduction in a week

Just last week, Mukesh Ambani attended the wedding of Harish Salve, a well-known lawyer in the country, through a webinar. (File photo).

The stock fell 6.2 per cent in a single day in July this year, falling from Rs 1,978 to Rs 1,798.

Shares of Reliance Industries Limited (RIL), the country's largest company, fell as much as 6 per cent today. As a result, market capitalization fell by Rs 70,000 crore in an hour. The decline was due to news that the company's chairman Mukesh Ambani was in poor health. RIL, however, declined to comment on the matter.

The stock had lost 6.2 percent in a single day in July this year. At that time, it had come down to Rs 1,798 from 1978.

Also read  5000+ Latest Rangoli Designs Apps For Upcoming Festivals

15 days rumors on social media
are going on in the news media over the past 15 days, Mukesh Ambani's condition worse. He has had an organ transplant in London. He has lost 30 kg. It is being said on social media that the Ambani family is not appearing in the IPL for this reason. However, Mukesh Ambani was present at the wedding of renowned lawyer Harish Salve last week through a webinar.

Brokerage houses are currently collecting information.
Some brokerage houses believe that these newsletters have not come out yet and it is wrong to say so until full information is available. However, the effect on the stock was seen this morning. 

Some brokerage houses say there is pressure on the stock due to the Future Retail deal and the company's poor result on Saturday. Some brokerage houses say the result is not bad enough for the stock to break 6 percent. There are other reasons.

 However, it has not been confirmed whether the photo was original or edited.

Shares of
Reliance Industries fell 6 percent to Rs 1,940 on Monday morning. This is the lowest level in the last 4 months. Due to this, MCAP fell by Rs 70,000 crore in one hour today. The company's market cap has fallen by Rs 1 lakh crore since October 23.

Read in Gujarati news 

Shares of RIL rose to new heights after selling shares in the telecom and retail segments. Earlier this stock was underperformed for many years. 

The company's first-quarter performance may not have been as good as Corona's, but it did well in the second quarter.

 Its second-quarter net profit fell 15 percent to Rs 9,500 crore. However, its revenue also declined by Rs 1.48 lakh crore to Rs 1.28 lakh crore. The telecom segment is proving to be a boon for the company.

No comments: