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Reliance shares rise as company beats quarterly profit estimates
short by System User / on Friday, 17 January, 2025
Shares of Reliance Industries rose on Friday and were set for their best week in six months, as the company beat quarterly profit estimates on a boost from its retail business, which had dragged the stock's performance in 2024. "Reliance is back on a growth path after six months of challenges," Morgan Stanley said in a note.