Reliance Industries hits 10-month low, stock slips 15% since December

Shares of Reliance Industries (RIL) fell 3 per cent to hit 10-month low of Rs 2,312 in Friday’s intra-day trade, on the back of heavy volumes, as the sharp sell-off was seen across equities. The stock of country’s largest company in terms of market capitalisation traded its lowest level since March 2022. It had hit a 52-week low of Rs 2,181 on March 8, 2022.

At 02:39 pm; RIL quoted 2.5 per cent lower at Rs 2,323.70, as compared to 1.9 per cent decline in the S&P BSE Sensex. Since December, the stock price of the company fell 15 per cent. It has corrected 19 per cent from its 52-week high level of Rs 2,855, which it had touched on April 29, 2022.