Reliance shares' 17% plunge puzzle despite a win
Reliance Industries Ltd (RIL) shares have dropped by approximately 17% this year, trailing the broader Nifty index's 8% decline, despite surging refining and petrochemical margins. Investors are grappling with a puzzling situation as to why such an improved oil-to-chemicals cycle has not led to a significant uptick in the value of India's most diversified conglomerate.
Analysts believe the market is seeking additional evidence that Reliance Retail can revive growth, that New Energy investments will start creating value, and that the conglomerate can generate free cash flow while continuing its multiple business ventures.
Written by urgent.news from The Economic Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
