Archive · 27 Jul 2026
Reliance Industries Hits 52-Week Low
Reliance Industries, a big company owned by Mukesh Ambani, has seen its share price drop to a 52-week low.
The stock has fallen almost 19% so far in 2024.
Some experts think now is a good time to buy the stock because it's undervalued and the company has strong fundamentals.
They point to good performance in areas like energy and digital services.
However, others are cautious because the retail business is struggling, and there are concerns about market conditions and commodity prices.
The company's upcoming Jio IPO is also a big factor that could influence the stock's performance.
Reliance Industries share price hits a 52-week low on July 24, 2024.
The stock is down almost 19% year-to-date and trading near levels from April 2023.
Q1 results show 25% revenue growth and 17% EBITDA growth, with strong performance in O2C and digital services.
Retail business underperformed with an 8% QoQ decline in gross revenue and 9% QoQ decline in EBITDA.
Analysts are bullish on RIL due to strong fundamentals, upcoming Jio IPO, and attractive valuations.
- Who
- Reliance Industries, Mukesh Ambani
- What
- Share price hits 52-week low, Q1 results analysis
- When
- July 24, 2024
- Where
- India
- Why
- Market conditions, commodity price swings, and retail business performance
Buy the Dip
Wait for Better Conditions
Stock Valuation
Buy the Dip
The stock is currently undervalued and offers a favorable risk-reward ratio.
Wait for Better Conditions
The stock may still have downside potential due to market conditions and commodity price swings.
Business Performance
Buy the Dip
Reliance Industries has strong fundamentals and is transitioning to digital and consumer platforms.
Wait for Better Conditions
The retail business is underperforming, and margin pressures are expected to continue.
Market Conditions
Buy the Dip
The market is neglecting the stock due to unfavorable global trade conditions.
Wait for Better Conditions
The Indian market may not be ready for a significant recovery, making it risky to invest now.
- Current Share Price
- Near 52-week low
- Year-to-Date Performance
- Down almost 19%
- 52-Week High
- Rs 1,611 in early January 2024
- Q1 Revenue Growth
- 25%
- Q1 EBITDA Growth
- 17% YoY
- Jio IPO
- Filed with SEBI, potential largest IPO in India
- Valuation Multiples
- 9.1x/17.7x FY28 EV/EBITDA and P/E