Mukesh Ambani owns several companies whose shares fall into the penny category. Shares of this company were seen in selling mode in the early days of last week. However, the last trading day of the week on Friday and December 27 saw investors buying heavily on the networks company's shares.
During trading, the share price rose 3 percent to Rs. reached at 41.60. At the close of trading, the stock rose 2.98% to Rs. was at 41.50. Let us tell you that the shares of Den Networks (Den Networks) reached a low of Rs 40.02 on 26 December 2024. The stock is at a 52-week low. At the same time, the stock touched Rs 69.40 in January 2024. The stock is at a 52-week high.
Let us tell you that Mukesh Ambani's Reliance Industries has a partnership in this company. Talking about the shareholding pattern of DEN Networks Limited, it has public shareholding of 25 percent. The promoter holds 74.90 percent stake. Its promoter group includes Reliance Industries Investments and Holdings Limited, Jio Futuristic Digital Holdings Private Limited and Network 18 Media and Investments Limited. At the same time, Reliance Ventures Ltd and Jio Television Distribution Holdings Pvt Ltd also have stakes in the company.
Shares of Mukesh Ambani's company DEN Networks seem to be in selling mode for a long time. As for the company's return on the BSE index, it has fallen by around 8 percent in a month compared to the Sensex. At the same time, it has fallen nearly 22 percent in three months. Apart from this, the stock also closed in the red mark in the period of six months and one year.
BSE's 30-share benchmark index Sensex closed up 226.59 points, or 0.29 per cent, at 78,699.07 on Friday. It had jumped 570.67 points to 79,043.15 at one stage during trading. The National Stock Exchange's (NSE) benchmark Nifty also gained 63.20 points, or 0.27 percent, to 23,813.40.
Note: Do not invest in stock market without knowledge. Before investing in any shares you should talk to your financial advisor once. If you do not do so, you may suffer financial loss.
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