Reliance Industries Market Capital: Reliance Industries is India's largest company in terms of market capital. Its market capital reached its highest level in July this year. Since then, its market capital has declined by about $50 billion (Rs 4.21 lakh crore). The giant refining to retail sector company led by billionaire Mukesh Ambani is struggling with declining income and sluggish economic conditions, which has had a huge impact on the performance of its shares.

Performance weaker than Nifty

Reliance's stock has remained fairly stable this year. It has performed much weaker than the benchmark NSE Nifty 50 index. Although the Indian markets are currently feeling the pressure of selling by foreign investors and a decline in income growth, the NSE Nifty 50 index still remains one of Asia's top-performing indices in 2024.

Reliance shares fell sharply.

Reliance's share price fell sharply after the company last month reported a drop in its earnings, falling short of market expectations for the sixth consecutive quarter. The company's main oil-to-chemical business has faced weak demand, which has impacted its earnings.

Waiting for a listing of the telecom-retail company

At its annual shareholders meeting in August, Reliance had announced a free bonus share for every share held. However, there was no new announcement about the listing of its telecom and retail units, which investors were eagerly waiting for.

How much did the stock fall last week

Last week, Reliance shares fell by 1.86, while in the last 1 month, it has fallen by 6.35 percent. The stock has fallen by 8.78 percent in 6 months and 0.84 percent so far in 2024.