Reliance Industries shares dip 6% in 2024, end 9-yr winning streak

Mukesh Ambani-led Reliance Industries shares dipped around 6% this year to close at ₹1,215.45 on Tuesday. This is the first time in nearly a decade that the shares delivered negative returns for a year. The decline comes amid slowing growth, increased competition and a broader downturn in the stock market. The conglomerate's market capitalisation currently stands at ₹16.44 lakh crore.