In the world of stock markets, fluctuations are common, but when it comes to Mukesh Ambani’s Reliance Industries, the impact can be significant. In a recent trading session, the company’s shares experienced a notable drop, resulting in a hefty loss for the billionaire industrialist.

Recent Developments Ahead of the Annual General Meeting

This Thursday at 2 PM, Mukesh Ambani is set to address 3.5 million investors as the leader of India’s largest company, Reliance Industries. However, just before this pivotal moment, the company has already faced over ₹10,000 crores in losses during the trading session. Reports indicate a 0.50% decrease in the company’s stock price on Wednesday. This decline has considerably affected its market capitalization, raising concerns among investors.

Market Performance of Reliance Industries’ Shares

During the recent trading session, Reliance Industries’ shares showed a slight downturn. According to data from BSE, the shares fell by 0.50%, reaching a price of ₹2,985.35. Just 15 minutes before market closure, the shares experienced a further decline of 0.25%, priced at ₹2,993.05. Comparatively, the shares had closed the previous day at ₹3,000.45. Earlier this month, on August 8, the stock had peaked at a record high of ₹3,217.90.

Yearly Performance Overview

This annual review highlights the impressive growth of Reliance Industries over the past year. The previous AGM took place on August 28, 2023, where shares were priced at ₹2,442.55 after market closure. Over the span of the last year, the stock has surged by over 22%. This growth is particularly noteworthy, considering the substantial increase in the company’s market capitalization, which has surged by over ₹3.5 lakh crores. Analysts speculate that Reliance shares could reach up to ₹3,500 in the near future.

Market Capitalization Drop

As a result of the recent drop in stock prices, Reliance Industries has witnessed a significant reduction in its market capitalization. The figures indicate that during the latest trading session, the company’s market cap declined by more than ₹10,000 crores. Specifically, on the previous trading day, when the market closed, Reliance’s market cap stood at ₹20,29,540.61 crores, which plummeted to ₹20,19,326.79 crores during the trading session. This translates to a staggering loss of ₹10,213.82 crores.

Conclusion

The significant fluctuations in Reliance Industries’ stock prices illustrate the volatile nature of the market, especially for major players like Mukesh Ambani’s conglomerate. As investors await the upcoming AGM and insights from Ambani, the current losses raise questions about market performance and future potential. With positive growth trends observed over the year, stakeholders remain hopeful for a turnaround.

Date	Share Price (INR)	Market Cap (INR Crores)	Change (%)
August 8, 2024	3,217.90	20,29,540.61	—
August 27, 2024	3,000.45	20,29,540.61	—
August 28, 2024	2,442.55	20,19,326.79	-0.50
Current Session	2,993.05	20,19,326.79	-0.25