Reliance shares hit a fresh 52-week low; stock plunges 24% YTD - Time to buy or stay away?
AI Summary
Reliance Industries' recent drop to a 52-week low highlights a growing concern among investors regarding its retail segment and capital expenditure, despite solid earnings. The planned issuance of asset-backed securities could provide liquidity, but the stock's performance may remain volatile as foreign institutional investors adjust their positions amidst broader market weakness. Retail investors should closely monitor the company's cash flow and market conditions, particularly in the energy sector, as these factors will significantly influence Reliance's recovery trajectory.
Reliance Industries shares hit their fresh 52-week low to fall below ₹1,200 in intraday trade on the BSE on Monday, 28 August, amid a widespread selloff in the Indian stock market. Reliance share price declined more than 2% to hit its one-year low of ₹1,198, while the equity benchmark Sensex dropped 1.6% to drop to its intraday low of 72,716 during Monday's session.
Reliance is reportedly planning to raise up to ₹10,000 crore through asset-backed securities (ABS).
Original Article
Published on Livemint
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This is a market news update from Livemint, published on 28 September 2026.
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