Value buying? RIL stock rises 2% after a steep fall; CLSA sees 30% upside

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Value buying? RIL stock rises 2% after a steep fall; CLSA sees 30% upside - Business Standard

Quick Summary:

The share price of Reliance Industries had cooled-off from its all-time high as a delay in the possible IPOs of Jio and/or Retail led to reduced excitement towards the stock.

In comparison, the benchmark index was down 0.1 per cent at 77,613 at 02:42 pm. In the past two months, the stock price of the country's largest company in terms of market capitalisation declined 15 per cent.

Shares of Reliance Industries (RIL) were up 2 per cent at Rs 1,272.50 on the BSE in Thursday's intra-day trade in an otherwise subdued market on value buying.