RIL, Infosys, TCS, HUL, HDFC Bank at multi-year lows | Time to look beyond? Experts suggestion for investors
Reliance Industries is in focus.
· LiveMint Markets
The Indian stock market shows a divide between large-cap and broader indices, with large caps like Reliance and Infosys at multi-year lows, while mid and small-caps perform better. Investors are advised to focus on selective blue-chip stocks amidst persistent selling pressure from FIIs.
The analysis
Against that, the stock is -2.5% on the day at ₹1,177.40, and has returned -7.9% over three months. It sits 26% below its 52-week high, which means a good deal of bad news was already in the price. The oil & energy sector has moved -0.3% over the same period, so Reliance Industries is running 7.6 points behind its peers.
With Reliance Industries, Infosys and Tata Consultancy all implicated, this reads as a Oil & Energy-level move rather than a company-specific one, which is the more durable kind of signal.
Market context
- It touches several names at once (RELIANCE, INFY, TCS, HINDUNILVR), which points to a sector-level rather than company-specific driver.
- Sector exposure: Oil & Energy, IT, FMCG.
In this story
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