Business News: Reliance Industries Shares Witness Sharp Decline, Know Potential Reasons

Share Market News: A big drop was witnessed in Reliance’s stock on Monday morning. The company’s share opened on 28 October at Rs.1333, while on Friday it closed at Rs.2656. Reliance recently announced a big bonus issue for its investors in which every shareholder was announced to receive one share in return for one share. The bonus issue is that the total share of the company increases, which automatically reduces the share price.

Reliance Stocks Price

It is not a drop in the stock, it is a share price adjustment. Simply said, if you already have one share of Reliance, which was priced at Rs.2655, then now you will have two shares. The price of each share is approximately Rs.1000. So there will be no difference in the total value. Meanwhile, Reliance Industries had issued a bonus issue in 2017, 2009, 1997, 1983, and 1980. After all these bonus issues, the company’s growth has become stronger. According to the reports, in the coming time, Reliance’s main business may be a little slow. Along with that, the company is expected to gain a lot of profit from the big investments in Green Energy.