Reliance Industries Chairman Mukesh Ambani faces a difficult balancing act as he addresses shareholders at the company's annual general meeting (AGM) on Friday. Over the past year, Reliance shares have declined more than 7%, wiping out nearly Rs 1.5 lakh crore from the company's market cap and leaving lakhs of shareholders waiting for fresh triggers that can revive sentiment.
There have been several reasons for the muted market performance. According to JM Financial, sustained FII selling is one of the key factor ailing the stock. FII holding in Reliance has fallen to 18.67% in March 2026, down sharply from a peak of 28.3% in March 2021.
