Reliance Industries share price trades lower after AGM; what to do with RIL stock?

On Monday morning, RIL shares extended the losses to the second straight session, opening in the red at Rs 1356 on NSE. The slipped more than 1 per cent to make a low of Rs 1340.60 in early morning session, down 1.22 per cent. At 10:20 AM, RIL shares were down 0.45 per cent to trade at Rs 1351.20 even as the benchmark indices bounced back sharply on strong Q1 GDO data. Nearly 31 lakh shares of the oil-to-telecom conglomerate changed hands around the same time. Reliance Industries shares are trading higher than 200-day moving averages but lower than 5-day, 20-day, 50-day and 100-day moving averages.