Reliance share price falls over 1% in the rising Indian stock market. Opportunity for bottom fishing? | Stock Market News
Source: Live Mint
Reliance Industries share price declined over a per cent in intraday trade on NSE on Tuesday, March 25, in a positive market. Reliance share price opened at ₹1,307.70 against its previous close of ₹1,302.10 and dropped over a per cent to the level of ₹1,285.25, looking set to snap its four-day winning run. Around 11:10 AM, the stock traded 1.09 per cent lower at ₹1,287.90 apiece on the NSE.
After hitting a 52-week low of ₹1,156 on March 3 this year, Reliance’s share price has rebounded sharply. The heavyweight stock has seen a healthy gain of about 8 per cent this month until the closing of March 24th. This calendar year, the stock has gained 7 per cent, while equity benchmark Nifty 50 has been flat for the same period.
