Why Reliance Share Is Falling

25 March 2024: Reliance Industries Limited (RIL) shares have experienced some decline recently. Here are some possible explanations:

• Recent Block Deal: In September 2023, a large block of RIL shares (2 crore) changed hands, exceeding the average daily trading volume. This significant sale, though the buyer and seller are unknown, might have put downward pressure on the stock price. 
• Underperformance Compared to Market:  RIL's performance hasn't kept pace with the broader market. While the Sensex rose 10% in 2023, RIL shares only grew 6%. This could lead investors to seek better returns elsewhere. 
• Jio Financial Services Demerger Impact: The demerger of Jio Financial Services (JFS) in September 2023 might have impacted investor sentiment. While some analysts believe RIL can benefit in the long run, the short-term impact on share price is unclear. 
• Government Windfall Tax: The Indian government's increased windfall tax on domestic crude oil in September 2023 could have dampened investor enthusiasm for RIL's oil and gas business. 

It's important to consider that the stock market is dynamic and influenced by various factors. These are some of the reasons that might be contributing to the recent decline in Reliance Industries' share price.