Reliance Industries shares tumble: Why the conglomerate stock dropped 3Þspite reporting record profit - Explained
Despite Reliance Industries reporting a record quarterly profit of Rs 30,783 crore, its shares fell 2.7% due to underwhelming performance in Retail and O2C segments. While Jio's strong growth boosted investor sentiment, analysts flagged concerns over muted retail growth and O2C's EBITDA decline.
Despite Reliance Industries reporting a record quarterly profit of Rs 30,783 crore, its shares fell 2.7% due to underwhelming performance in Retail and O2C segments. While Jio's strong growth boosted investor sentiment, analysts flagged concerns over muted retail growth and O2C's EBITDA decline.
