Vikrant Shekhawat : Aug 29, 2024, 04:30 PM
RIL AGM 2024: Mukesh Ambani, chairman of the country's largest company Reliance Industries, has started addressing 35 lakh shareholders in the 47th Annual General Meeting (AGM). After this important event, the shares of Reliance Industries are seeing a tremendous increase. According to the latest data, the company's market cap has gained more than Rs 53 thousand crore as compared to the day before. Let us know in detail how the company's figures are changing in the stock market since the start of Reliance AGM.Tremendous rise in Reliance Industries sharesAs soon as the AGM of Reliance started, the shares of the company saw a rapid rise. At the beginning of the day, the company's stock opened at Rs 3014.95 on BSE. However, during the AGM, the stock registered a gain of 2.64 per cent and reached a day's high of Rs 3074.80. At the present time i.e. 2:35 pm, the stock is trading at Rs 3050.95 with a gain of 1.84 per cent. A day earlier, the company's stock closed at Rs 2995.75 with a slight decline.How much growth compared to last year?Reliance shares have seen a very good rise since the last AGM. According to the data, the company's shares have increased by about 26 per cent in the last one year. In last year's AGM, the company's stock closed at Rs 2442.55, which shows an increase of Rs 572.4 by the time of this year's AGM. Thus, Reliance shares have increased by more than 26 per cent in a year.Huge increase in market capAlong with the rise in the shares of Reliance Industries, the company's market cap has also seen a significant increase. According to the data, the company's market cap was Rs 20,27,100.67 crore a day earlier, which has reached Rs 20,80,590.55 crore after the AGM. Thus, the company's market cap has increased by Rs 53,489.88 crore after the start of the AGM.Future prospectsAccording to analysts, the stock of Reliance Industries may continue to rise further. The announcements and plans made with the shareholders during the AGM have increased the confidence of investors, which has led to this surge in the shares.This AGM of Reliance Industries may mark a turning point, in which the company has not only encouraged its shareholders but also made significant changes in the stock market. In the coming times, investors will keep an eye on the policies and plans of the company.