Reliance Industries Ltd. has seen a major decline, erasing almost $50 billion in market cap since July. With its shares barely gaining this year, the company trails the NSE Nifty 50 Index by the largest gap in about a decade. What do you think is the main reason for Reliance’s current struggles?
- Disappointing Q2 earnings
- Broader economic slowdown
- Subscriber loss at Reliance Jio after tariff hike
- Lack of updates on telecom and retail IPOs
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