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What's in store for Reliance Industries' stock post the 44th AGM?

From a medium-term perspective, the 200-daily moving average (DMA) and 50-weekly moving average (WMA) together indicate support at Rs 2,050 levels

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Reliance Industries | Mukesh Ambani | RIL AGM

Avdhut Bagkar  |  Mumbai 

Shares of Reliance Industries (RIL) ended 2.3 per cent lower at Rs 2,153.50 on BSE on Thursday in an otherwise strong market. The Mukesh Ambani-controlled company held its 44th annual general meeting (AGM) on Thursday. The stock of the country’s most valuable company hit a high of Rs 2,214.80 and low of Rs 2,140 in intra-day trade.

In comparison, the S&P BSE Sensex ended 0.75 per cent higher at 52,699 levels. The stock has now dipped for the third day in a row, falling around 4 per cent during this period and wiping off nearly Rs 53,000 crore in market capitalisation. READ ABOUT IT ...

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First Published: Fri, June 25 2021. 07:00 IST
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