Reliance Industries shares edge down in weak market session
Updated
Updated · MarketWatch · May 7
Reliance Industries shares edge down in weak market session
15 articles · Updated · MarketWatch · May 7
The stock fell 0.15% to 1,435.70 rupees on Thursday as the BSE Sensex also dropped 0.15% to 77,844.52.
Reliance closed 10.89% below its 52-week high of 1,611.20 rupees, reached on 5 January, and lagged peers including Gujarat State Petronet, GAIL and Indraprastha Gas.
Trading volume was 1.8 million shares, above the 50-day average of 1.3 million, indicating heavier activity despite the modest decline.
Why is India's largest company falling while its rivals rise, and what does this signal for the market?
Can Reliance's huge green energy bet rescue its stock as its traditional oil and telecom businesses falter?
With legal battles and bribery probes mounting, are Reliance's governance issues a bigger risk than its market performance?