RIL hits 52-week low of Rs 1,480

MUMBAI: The Reliance Industries stock touched a 52-week low of Rs 1480 early on Friday but recovered later to Rs 1525 thanks to value buying, point out broking sources.

Weakness in this scrip is attributed to the Street's fear of sluggish gross refining margins in RIL's key refining division in the September 2008 quarter, due to sluggish demand for global petroleum products.