InvestorQ : Why has Reliance Industries stock fallen so sharply in the last few days?
Ria Jain made post

Why has Reliance Industries stock fallen so sharply in the last few days?

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Anu Biswas answered.
10 months ago
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It has been one of the big falls for the company in the recent past. Reliance Industries has lost nearly 25% from its peak price with nearly 13% loss happening on 09 March itself. It has seen more than Rs.250,000 crore of market cap being wiped out in a short span of time. RIL was one of the worst hit by the 25% fall in crude oil prices on 09 March after the Saudi-Russia oil supply pact failed to take off the ground. However, between the launch of Jio in late 2016 and early 2020, Reliance Industries had gained nearly 200% and this takes away only a small part of that value growth.
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