Reliance Industries Limited (RIL), India’s most valuable company, has created history by delivering negative returns for the first time in a decade. In 2024, the stock recorded a -6% return (-5.96% to be precise), breaking its 10-year streak of positive annual gains.
Over the past decade, Reliance has been a consistent performer, delivering double-digit returns in most years. Highlights of its performance over the years include:
- 2023: +10%
- 2022: +8%
- 2021: +20%
- 2020: +33%
- 2019: +36%
- 2018: +23%
- 2017: +72% (a standout year for the stock)
- 2016: +8%
- 2015: +15%
- 2014: 0%
The streak has been an indicator of Reliance’s strong growth, driven by its ventures across various sectors including energy, telecom, and retail. However, 2024’s dip signals challenges faced by the company in a volatile global and domestic environment.
LIC Emerges as Largest Investor in Reliance
The Life Insurance Corporation of India (LIC) is the largest investor in Reliance, showcasing continued confidence in the conglomerate’s long-term growth prospects.
Despite the recent underperformance, analysts and investors remain optimistic about Reliance’s ability to navigate challenges, supported by its diversified portfolio and ongoing investments in growth sectors like renewable energy, digital platforms, and retail.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors are encouraged to conduct their own due diligence or consult a financial advisor before making investment decisions.
