Reliance Industries is the biggest corporation in the country. In fact, according to a recent survey by Motilal Oswal, the company was the biggest wealth generator in India from 2019 – 2024. The company generated wealth amounting to Rs 20 lakh crore in five years.
Reliance To Give Negative Returns
The company, however, may be on its route to give negative returns to its investors for the time in a decade, as per reports.
Over the past few months specifically, the flagship company’s listed stocks have suffered. In fact, the Reliance Industries Limited stocks have been trading with cust for the past week, with losses in excess of over 2.5 per cent.
On Tuesday, December 17, the trend of decline only continued further.
When we look at the larger picture, the company appears to be all set to close 2024 in red, at a lower price, than it started the new year. This, as mentioned before would mean, that investors who hold stocks in the company would get negative returns for the first time in 10 years.
As of December 17, just a fortnight before the end of the week, the yearly decline of the company shares stood at 0.72 per cent or Rs 9.05 per share.
When it comes to the decline observed on year to date basis, the overall slump stood at 3.50 per cent.
Reliance Shares On Tuesday
Coming to the present day situation, the shares of the largest corporation in the country stood at Rs 1,249.75 per piece.
The Mumbai-based conglomerate saw its shares decline further on Tuesday. At 10:39 IST, the company shares dipped by an additional 1.46 per cent or Rs 18.55 in the intraday trade.
It is to be noted, that in the past five years, when the company generated the most wealth in India, the company shares also see their value rise by over 55 per cent (2019-2024).
It remains to be seen whether the company continues to trail on this trajectory, eventually delivering a negative return at the end of this year.
