This Chris Wood owned stock hit a 52-week low. What's worrying the Street?

This stock is one of the largest holdings (along with ONGC) of Christopher Wood, global head of equity strategy at Jefferies in his India long-only portfolio with a weight of 10 per cent. And with a 6 per cent weight, the counter is also part of his Asia ex-Japan long-only thematic portfolio, next only to HDFC Bank that enjoys a similar weight in this portfolio.

However, in the last few sessions, the stock of Mukesh Ambani–controlled Reliance Industries Limited (RIL), hit its 52-week low level of Rs 2269.75, and has been one of the worst performers among the Sensex pack thus far in calendar year 2023 (CY23).

Thus far in CY23, RIL has tanked nearly 11 per cent as compared