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Source: Live Mint Reliance Industries share price declined over 3% to hit 52-week low on Wednesday, extending the fall for the fourth consecutive session. Reliance shares fell as much as 3.31% to a fresh 52-week low of ₹1,193.65 apiece on the BSE. In one week, Reliance share price has dropped over 6%, while the index…
Source: Live Mint Despite an over 17 percent decline in the last 1 year, global brokerage house Goldman Sachs has stated that the recent sell-off in Reliance Industries Ltd. (RIL) shares is “overdone,” with the stock price now nearing its “bear case” valuation. The brokerage firm reiterated its “buy” rating on RIL while reducing its…
Source: Live Mint Indian equity markets struggled to gain traction on Monday, December 9, as significant declines in FMCG and heavyweight stocks like Reliance Industries dragged the benchmark indices lower for the second consecutive session. While banking stocks, particularly from the HDFC Bank and the IT pack, provided some support to the market, they were…
Source: Live Mint Oil to telecom conglomerate Reliance Industries, on Monday, reported a decline in profit for the July-September quarter on Monday, primarily driven by weaker performance in its core oil-to-chemicals segment and its retail business. Investors will be paying close attention to the heavyweight stock on Tuesday, October 14, as the quarterly results are…
