Stock Market: Once called, it is the shares of traders. This stock does not fluctuate much. But the wealth of long-term investors increased by 55 percent. The ups and downs of the Indian stock market depend on these Reliance shares. Know what this stock is. Where has the stock now reached 53 rupees?
This stock has given good profit recently
Another new record has been registered in the name of Reliance Industries, the largest company in the Indian stock market. India and Asia’s richest man Mukesh Ambani’s company has become the first Indian company to cross the Rs 20 lakh crore market cap. In its journey to reach this great record, Reliance Industries has enriched Mukesh Ambani as well as its investors.
In 20 years the value of this share has increased 20 times
Reliance Industries entered the club of lakhs of crores of rupees almost 20 years ago. Reliance Industries first achieved MCAP of Rs 1 lakh crore in 2005. Currently the company’s value has crossed 20 lakh crores. Reliance Industries has returned nearly 30 times to its investors in this journey at a valuation of Rs 1 lakh crore to Rs 20 lakh crore.
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The price is around 3000 rupees
Shares of Reliance fell slightly in today’s trade. In the early session, it was trading around Rs 2,945 with a loss of 0.53 percent. Due to today’s slight fall, the company’s mcap also fell to Rs 19.93 lakh crore from Rs 20 lakh crore. A day earlier the stock touched a 52-week high of Rs 2,969.45 and Mcap crossed Rs 20 lakh crore.
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At one time the price of a share was only 53 rupees
About 20 years ago, a share of Reliance Industries was priced at just Rs 110. Reliance Industries shares have gained 2,600 percent since February 2005. That is, the share price has increased 27 times. The stock has gained nearly 5,500 percent, or 56 times, since July 2002. At that time a share of Reliance Industries was worth only Rs 53.
(Note: The information provided here is for informational purposes only. It is important to mention here that investing in the market is risky. A professional can be talked before making any kind of investment. Hindentimes.com never advises anyone to invest money here. )
