Shares of Reliance Industries (RIL) ended 2.3 per cent lower at Rs 2,153.50 on BSE on Thursday in otherwise strong market. The Mukesh Ambani-controlled company held its 44th annual general meeting (AGM) on Thursday. The stock of the country’s most valuable company hit high of Rs 2,214.80 and low of Rs 2,140 in intra-day trade. In comparison, the S&P BSE Sensex ended 0.75 per cent higher at 52,699 levels.
The stock has now dipped for the third day in a row, falling around 4 per cent during this period and wiping off nearly Rs 53,000 crore in market capitalisation.
AGM of RIL began with the speech of chairman Mukesh Ambani amid expectations that the company may spell out its plans for the oil-to-chemical (O2C) telecom, digital and retailing verticals.
