Five reasons why Reliance stocks have fallen despite announcing a buyback

Market bellwether Reliance Industries plunged 4 per cent in early trade after the company's net profits declined sequentially (quarter-on-quarter) for the first time in the last eight quarters. At 1000 hours, shares of Reliance had recovered marginally and traded nearly 3 per cent lower. RIL was the biggest loser on the 50-stock Nifty index. Here are five reasons why RIL shares are witnessing a selloff:1) RIL reported 13.6 per cent f...