Extending its decline for the sixth straight session, Reliance Industries lost over 1%n the early trade on the bourses today amid continuous selling pressure, following the CAG report which said the Oil Ministry and DGH have allegedly favoured the company.
Shares of RIL, which carries the heaviest weight on the Sensex, fell by 1.36 per cent to hit an yearly low of Rs 875.90 on the BSE, while on the NSE, the stock dipped by 1.34% to a year low of Rs 875.60.
The market capitalisation of the company has also slipped below the Rs 3 lakh-crore mark, currently at Rs 2,87,569 crore.
In the past five trading sessions, the company's scrip has diminished by nearly 7% on the bourses.
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