The official parties of the transaction as well as the price at which the securities were traded are not currently known.
Reliance Industries shares have been in a downtrend over the past few months, losing nearly $50 billion in market capitalization since their peak in July. The Mukesh Ambani-led company faces challenges from declining earnings and an economic slowdown.
For the second quarter of the current fiscal, Mukesh Ambani-owned firm reported a 5% decline in its consolidated net profit to Rs 16,563 crore, against Rs 17,394 crore in the year-ago period.
Revenue from operations increased by a marginal 0.2% year-on-year (YoY) to Rs 2.35 lakh crore in the reporting period.
Reliance Industries recently issued bonus shares to its investors. RIL bonus share was issued in the ratio of 1:1. It means that one additional or extra share was given to the eligible shareholders for every one equity share held by them on the red date.Also read: Reliance Power shares hit 5% lower circuit after SECI debars co from its tenders for 3 years
In the last one year, the shares of RIL have gained 10% but have shown consistent losses of 0.77% and 9.4% in the current year so far and in the last 6 months respectively, according to the BSE analytics.
On charts, the stock is currently placed below all its short, medium and long term exponential moving averages and is oscillating near the 34 level on the RSI, according to the Trendlyne data.
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