BSE & NSE today witnessed the lowest fall of share price of Reliance Industries Limited in last six months at 1844.95 INR. Reliance is one of the greatest Indian MNC with an average annual revenue of 6,59,205 crore(US$ 14 billion).
The Equity Share price of Reliance Industries Limited last became 1850.40 INR on 3rd of November, 2020 which happens to be the second lowest. Anil Ambani’s Reliance Communication is now fighting hard to survive with a share price of not even 2 INR. Two son ofDhirubhai Ambani– Mukesh & Anil owns Reliance Industries & Reliance Communications respectively.
The recent outrage regarding the new farm bill has caused massive effects nationwide as well worldwide. The farmers calls this bill bane for them and boon for the capitalists. Adani & Ambani had became common names in their statement of accusation ever since they started the protest. Hashtags like Boycott JIO, Boycott Reliance, Boycott Ambani has been made trending on social media. Also in all over Punjab & Haryana, people have acually boycotted Reliance’s goods in large extent. Meanwhile today Reliance’s share price touched the six month low. Just a week ago SENSEX made a record high at 50,000 INR at BSE. At this good phase of economy, India’s one of the biggest company is facing downfall, this can’t be a coincidence.
As an investor it’s time to invest in RIL at 1844.95 INR and later fly high with the growth. Seeing the condition of Anil Ambani’s R.Com’s share price, anticipation of RIL won’t be correct. Conservative investors may feel reluctant but a right decision at right time can fetch a long-term gain.
It’s not sure that the farm bill protest had its direct effect on stock market or not, but somewhere or somehow nature connects every small & big thing.