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Share price drops 3% to Rs 2,355, pulling Nifty 50 below 20,000 points on Sep 20
Two crore shares change hands, far above the one-month daily average of 73 lakh shares
Government's hike to Rs 10,000 per tonne in windfall tax on domestic crude affects the stock
Surge to $95 per barrel prompts concerns of further windfall gains tax increase
Despite the dip, Jefferies sees a 6% correction, favorable valuations, and anticipates strong free cash flow in FY25
Jefferies expects reduced capital intensity, enhancing Reliance's growth potential in telecom and retail