Reliance Industries extends fall post Q3 nos; stock dips 10% in three days

Shares of Reliance Industries (RIL) were quoting lower for the third straight trading day, having lost over Rs 1-trillion market capitalisation (market-cap) following the announcement of October-December quarter (Q3FY21) results on January 22.

The stock shed 2.4 per cent to Rs 1,893 on the BSE in the intra-day trade on Wednesday, down 10 per cent in the past three trading days. The combined market-cap of RIL’s fully paid shares and partly paid shares declined by nearly Rs 1.4 trillion in the three days.

At 10:59 am, the fully paid RIL shares were trading 1.3 per cent lower at Rs 1,914 per share with a market-cap of Rs 12.13 trillion. Meanwhile, RIL’s partly paid shares were quoting 3 per cent lower at Rs 1,044 after hitting low of Rs 1,029 in intra-day trade today.