Reliance Industries hits 8-week low; down 7% in three days

The stock down 3% at Rs 1,303, hit its lowest level since March 11, 2019 on the BSE in intra-day trade on Wednesday.

Shares of Reliance Industries (RIL) are trading lower for the third straight day, down 3 per cent at Rs 1,303, hitting an eight-week low on the BSE on Wednesday. The stock was quoting at its lowest level since March 11, 2019, and has lost 7 per cent in the past three trading days. In comparison, the S&P BSE Sensex has slipped 2.6 per cent during the same period.

RIL had outperformed the market in past four consecutive financial years, by gaining more than 25 per cent each since fiscal 2015-16. Between FY15-16 and FY18-19, the stock rallied 230 per cent,