RELIANCE

stock: Why you should buy Reliance Industries shares on dips? Analyst explains

RIL Stock: Shares of India’s most valuable company, Reliance Industries (RIL), led by Mukesh Ambani, are in focus after the company clarified that it has not received any Russian crude oil barrels for nearly three weeks, and none are expected in January. On Wednesday (January 7), RIL shares edged higher after two-day of consecutive fall that dragged the counter from the record intraday high of Rs 1,611.80 on NSE, touched on January 5, to Rs 1,507.60 (January 6 closing price), registering a staggering decline of 6.5 per cent. The sell-off wiped out more than Rs 90,000 crore from the company’s market capitalisation.