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Why did Ambani's Reliance shares fell on Monday?
short by Pragya Swastik / on Monday, 22 July, 2024
Mukesh Ambani's Reliance Industries (RIL) shares tumbled 3% on Monday. The fall came after RIL missed Q1 earnings estimates. The company reported a 5.5% y-o-y decline in consolidated profit to ₹15,138 crore for the April-June period of 2024-25. "The extent of the Oil to Chemicals business decline and continued retail weakness was particularly disappointing," Citi said.
read more at NDTV Profit