Tremendous jump in the shares of Reliance Industries, Ambani earned 53 thousand crores in market cap in 15 minutes

New Delhi. Mukesh Ambani, chairman of the country’s largest company, Reliance Industries, addressed more than 35 lakh shareholders at the 47th Annual General Meeting (AGM). Soon after, the company’s shares saw a huge surge. According to the data, the market cap of Reliance Industries has increased by Rs 53,489.88 crore compared to the previous day. As soon as the AGM of Reliance Industries started, the shares rose sharply. The company’s shares rose 2.64% to Rs 3,074.80, which was the highest level of the day. The company’s shares were seeing a slight rise since morning, and it opened at Rs 3,014.95 on the BSE. At present, i.e. at 2:35 pm, the company’s stock was trading at Rs 3,050.95 with an increase of 1.84%.

26% increase in one year

From the last AGM to this AGM, Reliance shares have seen a good rise. During last year’s AGM, the company’s shares closed at Rs 2,442.55, which has increased by 26% this year. During this period, the company’s shares have increased by Rs 572.4. Market experts believe that the company’s shares may see even more growth in the coming times.

Great increase in market cap

Along with the surge in the shares of Reliance Industries, there was a big increase in the market cap of the company. The market cap of the company was Rs 20,27,100.67 crore a day earlier, which reached Rs 20,80,590.55 crore after the AGM. That is, the market cap of the company increased by Rs 53,489.88 crore. After the AGM of Reliance Industries, there is a surge in the demand for the company’s shares in the stock market, which has brought a wave of happiness on the faces of investors. According to experts, investors can get good returns on the company’s shares in the coming times as well.