Is Reliance Industries No Longer A Reliable Bet?
In recent months, the Indian equity market has experienced a significant downturn, with its market capitalisation declining from approximately ₹472 lakh crore at its peak to the current ₹396 lakh crore. Of the ₹75 lakh crore decrease observed, Reliance Industries Limited (RIL)—India’s largest company by market capitalisation—has played a significant role. RIL’s market capitalisation has fallen by ₹5.5 lakh crore from its peak, accounting for roughly 7 per cent of the overall erosion in the market capitalisation of Indian listed companies.