Reliance Share Price May Be Showing 50% Fall on Trading Apps Today; Know Why
Reliance's share price appeared to drop nearly 50% due to a 1:1 bonus issue, not a market loss, causing confusion among investors.
Reliance share price appeared to fall nearly 50% on Monday, which may have surprised many investors who might have seen the sudden dip in trading apps. However, this fall is not due to a market loss but results from Reliance Industries Ltd’s (RIL) latest 1:1 bonus share issue, as per a report of India Today. The bonus issue, announced earlier by Reliance Industries, led to the adjustment in the share price. On the Bombay Stock Exchange (BSE), RIL shares opened at INR 1,338, almost half of Friday’s closing price of INR 2,655.45. Bharti Airtel’s Net Profit Surges 168% to INR 3,593 Crore in Q2 FY25.
Reliance Share Price Today
🫣📲 *#RELIANCE* stock down -50% ⏬, Hey don't get confused 🤩. It's *EX-Bonus issue(1:1)* . So the share price got split into 1 by 2. That's it, it does not mean that the stock loss is *-50%* . It's adjusted in total shares in the company along with the stock price.✌️🤷♂️ pic.twitter.com/PzoQIVUwjw
— Mahesh Achari (@Maheshachari_24) October 28, 2024
(The above story first appeared on LatestLY on Oct 28, 2024 08:01 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
