Reliance Industries Share: In Monday’s trading session, the stock of Reliance Industries, the biggest bluechip company in the stock market, saw a big fall. Shares of Reliance Industries closed down at Rs 2,518, down by Rs 102.35 i.e. 3.91 percent. Reliance’s share went to the low levels of Rs 2507. The market cap of Reliance Industries has been Rs 17.03 lakh crore.

Reliance Industries down 10% in 6 trading sessions
Let us tell you that since April 29, 2022, the stock of Reliance Industries has fallen by about 10 percent. Reliance Industries announced its fourth quarter results for 2021-22 after the market closed on Friday. The company became the first company to achieve $100 billion in revenue in 2021-22. But the market did not like Reliance’s result due to decline of 12 per cent profit on a quarter-on-quarter basis. This is the reason why there has been a big fall in the stock of Reliance on Monday. Reliance Industries has been a big hand in demolishing Monday’s market. Reliance has a big weightage in the index.

The market did not like the result of Reliance
In the fourth quarter of the 2021-22 financial year, Reliance Industries’ net profit has increased by 22.50 percent and the net profit stood at Rs 16,203 crore, as compared to Rs 13,227 crore in the same quarter in 2020-21. The revenue of Reliance Industries for the entire financial year has been Rs 7.92 lakh crore i.e. $ 104.6 billion. Reliance Industries has become the first Indian company to achieve more than $100 billion in revenue. At the same time, Reliance has made a profit of Rs 67,845 crore in the entire financial year.

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