India's most trusted stock wipes out nearly Rs 3 lakh crore this year. Is RIL still a value bet?

Reliance Industries, a major Indian conglomerate, has seen its market value drop by nearly Rs 3 lakh crore this year. This decline is attributed to softer refining margins and significant investments in new energy projects. While core businesses remain strong, the company is in a transition phase. Investors are watching for future earnings growth from its diversified ventures.