RIL shares hit 52-week low, drop 7.4% amid global market decline; market cap falls by Rs 2.26 lakh crore.

Reliance Industries Limited (RIL) witnessed a significant 7.4% decline in its shares, reaching a 52-week low, reflecting the global market downturn attributed to tra

Reliance Industries Limited (RIL) witnessed a significant 7.4% decline in its shares, reaching a 52-week low, reflecting the global market downturn attributed to trade tensions and concerns of an impending recession. Over the span of six trading sessions, the stock's value plummeted by 12.7%, leading to a substantial reduction in RIL's market capitalization by Rs 2.26 lakh crore. Analysts suggest that technical analysis points towards sustained selling pressure on the stock.