Reliance Industries shares fall 3% to fresh 52-week low
Shares of India’s most valued stock Reliance Industries Ltd (RIL) fell around 3% to a fresh 52-week low of Rs 1,163.70 on Monday morning as FIIs continued to sell Indian stocks non-stop.
The dip in RIL’s stock price comes amid broader weakness in the Indian stock market, driven by global economic uncertainties and persistent FII outflows. Over the past few weeks, overseas investors have been pulling out funds from Indian equities, citing concerns over tightening monetary policies, geopolitical tensions, and a stronger US dollar.
Reliance Industries, a key player in multiple sectors including oil-to-telecom, retail, and digital services, has witnessed increased volatility in recent trading sessions. Analysts attribute the stock’s…
