Reliance Share Price Plummeting!
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The Indian stock market has been experiencing significant ups and downs following the announcement of Lok Sabha election results. Shares of Gautam Adani and Mukesh Ambani have seen the sharpest decline, with Reliance Industries Company’s shares taking a significant hit.
On Monday, Reliance Industries’ share was trading at ₹3,029 with a 5% increase. However, on Tuesday, June 4, 2024, the share plummeted by 10% to ₹2,718.60. Wednesday saw a further decrease of 0.31%, with the share trading at ₹2,786.
Yesterday, Reliance Industries Limited’s shares touched a 52-week high of ₹3,029.90 during the trading session. The company has a total market capitalization of ₹20 lakh crore, with a relative strength index of 63 points.
In April 2024, Reliance Industries’ shares dropped by 1.3%, followed by a 2.5% decrease in May. However, the company saw an increase of 10% in January, 2.4% in February, and 1.7% in March.
Market experts predict that Reliance Industries’ shares could touch ₹3,260 in the coming days. They recommend setting a stop loss at ₹2,960 when buying this share.
Stay tuned for more updates on the fluctuating Reliance Share Price!
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
