Reliance share price crashes over 20% in a year: Is it a low-hanging fruit or falling knife? Experts decode
Reliance Industries share price crashed almost 4 per cent to hit its fresh 52-week low of ₹1,156 in intraday trade on BSE on Monday, March 3. The stock opened at ₹1,209.80 against its previous close of ₹1,199.60 and dropped 3.6 per cent to the level of ₹1,156. Around 12:05 PM, the stock traded 3.30 per cent lower at ₹1,160.
The stock has been among the top laggards in the Sensex index for the last year. Considering Monday’s low of ₹1,156, the stock has declined more than 22 per cent over the last year. Equity benchmark Sensex has declined by 1 per cent for the same period.
The stock hit a 52-week high of ₹1,608.95 on July 8 last year. In about seven months, the stock has crashed about 28 per cent from its 52-week…
