Reliance industries share price, Mukesh Ambani’s RIL shares fall sharply, what to do now?, know expert advice – reliance industries shares hit 52-week low check new target price
Shares hit new lows
Shares of Mukesh Ambani-led Reliance Industries Ltd (RIL) fell to a 52-week low on Monday amid market declines. The stock of Reliance Industries on BSE on Monday closed at Rs. 2,275 to hit a new low of Rs 2,275, down 2.06 per cent from its previous close of Rs 2,233.15. Reliance’s stock fell 3.86 percent in the last one year, while 9.51 percent has been recorded since the beginning of this year. Apart from this, the market cap of the group fell to Rs 15.48 lakh crore due to fall in shares and the stock touched an all-time high of Rs 2,855 on 29 April 2022. However, the stock later fell 1.65% on BSE to Rs. It closed at 2284.
Meanwhile, shares fell on Tuesday as well and the stock fell to around Rs 2,279. In such a situation, investors are worried about what to do next with Reliance shares. It may be mentioned that Reliance Industries shares have been falling for the last three trading sessions.
What do the experts think?
According to market experts, Reliance shares may see a short-term decline, but in the long-term, the stock will soar. The Adani-Hindenburg affair, global investor sentiments and the recent developments of Silicon Valley Bank’s avoidance are some of the factors that have created a stir in the global markets and the impact is also reflected in the Indian market.
(Note : The above details are information only and are not investment advice. Investing in stock market is subject to risk, so consult your financial advisor first.)
