The company's stock price has underperformed the benchmark BSE Sensex both in the short-term as well as medium and longer-term basis.
RIL stock price is down 0.8 per cent since the end of December 2023 compared to 12.5 per cent rally in the BSE Sensex during the period.
Similarly, the company's stock price is up 19.3 per cent cumulatively since the end of December 2021 against 39.5 per cent cumulative rise in the benchmark index in the period.
The underperformance of RIL is largely due to a sharp sell-off in stock price in the last six months. Its share price is down 18.3 per cent since the end of June this year compared to 3 per cent rise in the benchmark index during the period. Prior to this sell-off, the stock either out-performed or kept pace with the benchmark index.
This story is from the December 11, 2024 edition of Business Standard.
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This story is from the December 11, 2024 edition of Business Standard.
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