
Reliance Industries shares fall 3%; here’s why
RIL shares declined as much as 3.05% to hit a two-month low of ₹2,361.60 on the BSE, while the market capitalisation dipped to ₹16.21 lakh crore.
RIL shares declined as much as 3.05% to hit a two-month low of ₹2,361.60 on the BSE, while the market capitalisation dipped to ₹16.21 lakh crore.
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JFSL shares gained 8.8% to hit an intraday high of ₹267 on the BSE, while the market capitalisation climbed to ₹1.67 lakh crore.
Post RIL’s 46th AGM, several analysts have maintained their rating and target price on RIL shares, expecting an upside potential of up to 23%.
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The valuation of Reliance Retail has almost doubled to ₹8.28 lakh crore in less than three years from ₹4.28 lakh crore in September 2020, says RIL chairman at the 46th AGM.
Their appointment will take effect from the date they assume office after approval by the shareholders.
While RIL shares gained 0.3% in early trade, JFSL snapped five sessions losing streak and rose 2.6% on the BSE.
JFSL shares turned positive for the first time since its listing on the stock exchanges on August 21, driven by strong volume trade.