There was a record-breaking rise in the stock market for the last few days. However, a big fall was seen in the stock market on Friday, the last trading day of the week. In this environment, shares of Mukesh Ambani’s company also appeared under pressure. Shares of Ambani’s company- DEN Networks Limited also crashed badly. On Friday, the stock closed at Rs 56, down 2.71%. During trading the share price had fallen to Rs 55.56. Let us tell you that the price of this share in January 2024 was Rs 69.40. This is also the 52-week high of the stock. Whereas, in July 2023 the share price was at Rs 32.95. This is the stock’s 52-week low.
Details of shareholding pattern
Talking about shareholding pattern, the promoter holds 74.90 percent stake. Public shareholders hold 25 percent stake. Mukesh Ambani’s Reliance Industries also has stake in the company. The promoter group includes Vandana Manchanda, Kavita Manchanda, Sameer and Sanjeev Manchanda. It holds 2,17,52,620 shares or 4.56 percent stake.
Who are the promoters?
Reliance Industries Investments & Holdings Ltd, Reliance Ventures Ltd and Network 18 Media & Investments Ltd have stake in DEN Networks Ltd. Similarly, Jio Television Distribution Holdings Private Limited, Jio Futuristic Digital Holdings Private Limited and Jio Digital Distribution Holdings Private Limited also have stake in DEN Networks Limited.
brake on stock market rally
The bullish trend that had been going on for six sessions in the stock market stopped on Friday. During this period, both the major indices Sensex and Nifty closed with a slight decline. The Sensex fell 269.03 points or 0.35 percent to close at 77,209.90. Nifty closed at 23,501.10 with a decline of 65.90 points or 0.28 percent. With this, the ongoing bullish trend in the stock market for the last six trading sessions came to an end. During this period, both Sensex and Nifty had reached their respective record highs.
