Explained: Why Reliance Industries shares fell 3% after reporting highest-ever profit

Explained: Why Reliance Industries shares fell 3% after reporting highest-ever profit

Shares of billionaire Mukesh Ambani-led conglomerate Reliance Industries (RIL) fell 2.7% to Rs 1,436.85 on BSE in Monday’s trade despite reporting its highest-ever profit and EBITDA in Q1 results announced on Friday. The Rs 30,783 crore profit was significantly boosted by the sale of Asian Paints stake, worth Rs 8,924 crore, and lower-than-expected interest expenses … Read more

Chandigarh man unearths 37-year-old Reliance shares worth Rs 12 lakh, ignites social media frenzy

Chandigarh man unearths 37-year-old Reliance shares worth Rs 12 lakh, ignites social media frenzy

A Chandigarh resident has stumbled upon a forgotten financial windfall, discovering decades-old Reliance Industries Ltd (RIL) shares originally purchased in 1988, now valued at approximately Rs 12 lakh. The revelation has triggered a wave of social media reactions, ranging from financial advice to lighthearted banter. Rattan Dillon, a car enthusiast from Chandigarh, found physical share … Read more