Mukesh Ambani's Reliance loses Rs 70195 crore in just 6 hrs after...After the sharp decline in its share price on Monday, the company's share closed at Rs 2896 on NSE. The company of the richest man in Asia on Monday witnessed a huge wipeout in its market valuation after its share price dropped by Rs 102.65 or 3.42 per cent. The company's market cap eroded by Rs 70,195.32 crore in just 6.15 hours from 9.15 am to 3.30 pm (market timing) on Monday. After the sharp decline in its share price, the company's share closed at Rs 2896 on NSE and its market cap reduced to Rs 19,58,500.25 crore. Following the extremely weak trend in equities, the bellwether stock dropped 3.46 per cent to settle at Rs 2,894.70 on the BSE.

Source: dna August 05, 2024 22:49 UTC