Reliance Industries shares tumble 4%; mcap tanks by Rs 68,404 crore
Shares of Reliance Industries Ltd on Monday declined 4 per cent amid profit-taking in line with an overall weak trend in the equity market.
During the early trade, the market heavyweight stock gained 1 per cent after the company reported its best-ever quarterly performance in October-December 2021.
The stock of the country’s most valued firm by market valuation jumped 1.04 per cent to Rs 2,504.10 in early trade on the BSE. But, later the stock gave up all its early gains and settled at Rs 2,377.55, lower by 4.06 per cent.
On the NSE, it settled at Rs 2,379.90, a decline of 3.95 per cent after gaining 1.08 per cent in early trade to Rs 2,504.75.
