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RIL may remain underperformer for now amid lack of fresh triggers

A price hike in telecom can be a trigger in the near-term; gains in oil and retail businesses may play out after a while

Reliance
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Reliance Industries’ stock has shed about 13.6 per cent over the last three months, even the Sensex is up over 20.9 per cent during this period

Ram Prasad SahuAmritha Pillay Mumbai
Even as the benchmark indices are touching lifetime highs, India's biggest listed company by market capitalisation is struggling to feature on the returns charts.

Reliance Industries’ stock has shed about 13.6 per cent over the last three months, even the Sensex is up over 20.9 per cent during this period. Analysts at JPMorgan in a December 9 report highlighted that the stock underperformed the Nifty by 31 per cent over the last three months, its worst three-month underperformance in 13 years.

The reason for the underperformance, according to analysts, is lack of fresh triggers. Mayuresh Joshi, head of equity research at William

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First Published: Dec 20 2020 | 7:38 PM IST

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