{"id":362956,"date":"2020-07-16T10:17:42","date_gmt":"2020-07-16T04:47:42","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=362956"},"modified":"2020-07-16T10:43:02","modified_gmt":"2020-07-16T05:13:02","slug":"ril-ends-4-lower-post-43rd-agm-market-cap-erodes-by-rs-45000-crore","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ril-ends-4-lower-post-43rd-agm-market-cap-erodes-by-rs-45000-crore\/","title":{"rendered":"RIL ends 4% lower post 43rd AGM; market-cap erodes by Rs 45,000 crore"},"content":{"rendered":"<p>Shares of Reliance Industries (RIL) settled 3.7 per cent per cent lower at Rs 1,846 levels on the BSE post the company&#8217;s 43rd annual general meeting (AGM) on Wednesday, falling 9 per cent in intra-day trade on profit booking and on concerns of Saudi Aramco deal not fructifying. The stock of Mukesh Ambani-controlled RIL had hit a record high of Rs 1,978.50, up 3 per cent in early morning trade. It has more-than-doubled from its 52-week low of Rs 867.82 touched on March 23, 2020. <\/p>\n<p>A sharp decline in stock price of RIL saw its market capitalisation (market-cap) erode Rs 45,000 crore (down Rs 69,000 crore in intra-day deals) in a single day to below Rs 12-trillion mark.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Reliance Industries (RIL) settled 3.7 per cent per cent lower at Rs 1,846 levels on the BSE post the company&#8217;s 43rd annual general meeting (AGM) on Wednesday, falling 9 per cent in intra-day trade on profit booking and on concerns of Saudi Aramco deal not fructifying. The stock of Mukesh Ambani-controlled RIL had hit a record high of Rs 1,978.50, up 3 per cent in early morning trade. It has more-than-doubled from its 52-week low of Rs 867.82 touched on March 23, 2020. A sharp decline in stock price of RIL saw its market capitalisation (market-cap) erode Rs [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-362956","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/362956","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=362956"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/362956\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=362956"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=362956"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=362956"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}