In the booming Indian stock market, the price of Reliance shares drops by more than 1%. A chance to go bottom fishing?

On Tuesday, March 25, in a favorable market, the share price of Reliance Industries fell more than 1% during intraday trading on the NSE. After closing at ₹1,302.10, the price of Reliance's shares began at ₹1,307.70 and fell more than 1% to ₹1,284.35, thus ending its four-day winning streak. The stock was down 1.01 percent at ₹1,289 per share on the NSE at 1:30 PM. The price of Reliance's shares has risen significantly since March 3 of this year, when it fell to a 52-week low of ₹1,156. Up until the close of March 24th, the heavyweight stock had a healthy gain of almost 8% this month. The stock has increased 7% this year, while the Nifty 50 equities index has been good upside.