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Market move▼ Bearish for Reliance Industries
Reliance shares hit a fresh 52-week low; stock plunges 24% YTD - Time to buy or stay away?
The brief
- Reliance Industries hit a fresh 52-week low at ₹1,198
- The stock is down 24% YTD amid market selling and concerns over retail growth and capital needs
- Weakness and retail-growth concerns expose Reliance Industries shareholders and Reliance Retail’s business outlook
- Reliance Plans $1 Billion Securitization Deal in Borrowing Push
- Reliance plans ₹10,000 crore, 10-year bond issue next week
- Reliance Industries eyes ₹10,000 crore 10-year bond sale at 7.90%