- After Qualcomm Deal, Reliance Share is seeing more than 3 percent rise today
- On March 23, due to Coronavirus Crisis, Share had gone down to Rs 867.82 with a loss of 52 weeks
- new Delhi. Reliance Industries Shares, the company of the seventh richest man of the world, Mukesh Ambani, is growing rapidly, the day is not far when he will become one of the top 5 rich in the world. After the Jio Qualcomm Deal on Sunday, Reliance Industries Shares Rise reached a peak of 52 weeks on Monday. The special thing is that after the fall in Crude Oil Price, the company’s stock fell to a 52-week low in the month of March. Since then, the company’s stock has given a return of 129 per cent to the share holders. Let us also tell you how much the share price of the company has become on Monday.Also read: – Country Originality will not be written on the packet , the government issued a decreeThe company’s stock reached a height of 52 weeks,
Reliance Industries stock is seeing more than 3 percent rise today. Due to which the company’s stock reached a height of 52 weeks. Today, Reliance Industries shares opened at Rs 1908 per share. This was the first time that the company’s stock crossed Rs 1900. Shortly after, the company’s stock touched the level of 1947 moving forward. While the stock closed at Rs 1878.50 per share on Friday. Let us tell you that at 11:15 pm, the company’s stock was trading at Rs 1932.15 per share with a rise of about Rs 54.Also read: – Now Qualcomm will announce investment in JIO, investment plan of Rs 730 crore
Return of 129% in 110 days;
On the other hand, from March 23 till date, the company’s stock has given a return of 129% to investors. Because of the Corona virus, when crude oil prices in the international market went down to a 21-year low. At that time, the prices of Reliance Industries, which intervened in the oil business, saw a tremendous fall in prices. The company’s stock reached a level of Rs 867.82 on 23 March, which was also a 52-week low. After which there has been a surge in the company’s shares. 110 days have passed since then. The company’s stock has returned 129 percent.Also Read: Diesel Price in Delhi Reaches Historical Level for First Time Beyond Rs 81
There has been a tremendous jump in the market cap,
whereas the rise in the shares of Reliance has seen a tremendous rise in the market cap of the company. Compared to Friday, the company’s market cap has increased by about 34 thousand crores. On Friday, the company’s market cap was around Rs 1191072.85 crore. While today the company shares rose to Rs 12,25,089.92 crore. According to experts, the market cap of the company may increase further in the coming days.Ambani can reach the top 5 rich: The
more the shares of Mukesh Ambani’s company Reliance Industries will increase, the more will be seen in their existing assets. Recently, Mukesh Ambani became the 7th richest person in the world with assets of 65 billion dollars. According to Bloomberg, his wealth today stands at $ 70.2 billion and comes in 9th. Surgery Brin, Elon Musk and Larry Page differ significantly from them. While on Friday, Larry Page’s assets were lower than Mukesh Ambani’s.
