Shares of Reliance Industries Ltd are now below th... moreShares of Reliance Industries Ltd are now below the level seen before its last Annual General Meeting (AGM) on 12 August 2019. No doubt, valuations have turned attractive with the steep fall in the stock price but should investors bet on the company? True, outlook for Reliance's telecom business has improved but demand for the petrochemicals business could continue to remain soft. Plus, Covid-19 related fears may also affect Reliance's retail business, as consumers choose to stay indoors to protect themselves from the virus.
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