Reliance shares decline 3% after Q4 earnings; fall nearly 10% in 6 days

Reliance shares decline 3% after Q4 earnings; fall nearly 10% in 6 days

New Delhi: Shares of Reliance Industries Ltd declined 3 per cent in early trade on Monday, after the company’s March quarter earnings failed to cheer investors. The stock has been quoting lower for the past many days and further slumped 3 per cent to Rs 2,542.10, amid a weak trend in the broader market. At … Read more

Jefferies initiates coverage on Reliance with buy rating, sees 25% upside

Jefferies initiates coverage on Reliance with buy rating, sees 25% upside

MUMBAI: Jefferies has initiated coverage on with a buy rating and a target price of Rs 2,600 as it sees the oil-to-telecom conglomerate as a proxy for India’s consumption growth story. The brokerage said that a transition from B2B to B2C and a potential stake sale in the O2C business will usher in the next … Read more