- By Aditya Pratap Singh
- Mon, 03 Mar 2025 11:32 AM (IST)
- Source:JND
Reliance Share Price Today: Shares of Reliance Industries Ltd, India's most valuable company by market capitalisation, fell nearly 3% to a new 52-week low of Rs 1,163.70 on Monday. The fall was driven by foreign institutional investors (FIIs) selling Indian equities, leading to general weakness in the market. At around 11:29 am, the shares of the company were trading at Rs 1,164, falling 3.1% or 36.10 rupees against the previous session's closing price.
Global challenges impact RIL stock
The RIL stock has come under pressure due to ongoing global economic uncertainty, aggressive currency tightening, geopolitical tensions and a rising US dollar. Continuous FII withdrawals have impacted several key stocks, with Reliance being significantly impacted by the sell-off.
The stock has declined 10% since February 4, its lowest point since November 13, 2023.
RIL lags the broader market
RIL has significantly underperformed the market in the past six months, shedding 22% in value. In contrast, the BSE Sensex declined 11.5% during the same period. With continued volatility in both global and domestic markets, investors will closely monitor how RIL manages these challenges in the coming weeks.
This is a developing story...