Reliance Industries, India’s largest company, has hit its lowest level in the last 52 weeks. According to market data, the company’s stock has fallen by more than 23% in the last eight months. If we talk about today’s losses, the company has lost nearly ₹56,000 crore in a single trading session.

Big Fall in Reliance Industries’ Share Price

On Monday, Reliance Industries’ shares touched a record low for the past 52 weeks. During the trading session, the stock saw a decline of up to 3.63%. Due to this drop, the company’s market value has suffered a significant loss of ₹56,000 crore. This is considered one of the biggest declines in the company’s stock in recent days.

Reliance Shares Fall Sharply

On Monday, Reliance Industries’ shares witnessed a sharp decline. As per BSE data, at 11:30 AM, the company’s stock was trading at ₹1,164, down by 3% from its previous closing price of ₹1,199.60 last week. When the stock market opened in the morning, Reliance shares started at ₹1,209.80 with an upward trend. However, after that, the stock continuously declined throughout the day.

Reliance Shares Hit 52-Week Low

During the trading session, Reliance Industries’ stock saw such a sharp fall that it touched ₹1,156, marking its lowest point in 52 weeks. Just a few months ago, on July 8, the company’s stock had reached a 52-week high of ₹1,608.95. This means that from its highest point, the stock has fallen by 28.15%. In absolute terms, Reliance’s stock price has decreased by ₹452.95 from its peak.

Massive ₹56,000 Crore Market Cap Loss

One of the major impacts of this decline is the loss in Reliance Industries’ market capitalization. Just last week, the company’s market cap was ₹16,23,343.45 crore. However, by Monday, it had dropped to ₹15,67,371.49 crore. This translates to a loss of ₹55,971.96 crore in a single trading session.

Why Is Reliance’s Stock Falling?

There are several reasons behind the sharp fall in Reliance’s stock price. Investors are worried about the company’s financial performance and future growth prospects. Some experts believe that global economic conditions and market volatility have also played a role in this decline. Additionally, uncertainty in the oil and telecom sectors, in which Reliance has significant investments, may have added to investor concerns.

What’s Next for Reliance?

Despite the recent dip, experts believe that Reliance remains a strong company. The company has a diversified business portfolio, including telecom, retail, and energy, which gives it a competitive edge. Investors are now watching closely to see if the company can recover from this decline and regain investor confidence.

Market analysts suggest that long-term investors should remain patient. The company has a history of bouncing back from market corrections. If Reliance continues to expand and improve its profitability, the stock price may recover in the coming months.

Final Thoughts

Reliance Industries’ stock has taken a big hit, and investors are understandably concerned. However, large corporations like Reliance often face ups and downs in the stock market. While short-term investors may feel the impact, those with a long-term outlook may still find opportunities in the company’s future growth. The coming weeks will be crucial in determining whether Reliance can recover from this significant loss and regain its position in the stock market.