Reliance Industries shares tumbled 2.3% after brokerages reduced target prices following weak Q2 results. Net profit declined 5% to Rs 16,563 crore, while revenue increased marginally to Rs 2.35 lakh crore.

MOFSL said RJio will be the biggest driver of Ebitda growth over FY24-27, driven by more frequent tariff hikes, market share gains in wireless, and the ramp-up of Homes and Enterprise business.

As traders await bonus share record date announcement; technical chart shows that Reliance stock has strong support at Rs 2,640 its 20-MMA - a key moving average the stock has held since June 2023.

Investors will be paying close attention to the heavyweight stock on Tuesday, October 14, as the quarterly results are expected to impact the stock’s movement.

Reliance announced that its first new energy giga-factory is expected to start producing solar PV modules by the end of the year. Chairman Mukesh Ambani mentioned that the new energy business, with its diverse range of renewable solutions,

Shares of Reliance Industries Ltd declined over 1 per cent in morning trade on Tuesday after the firm reported a 5 per cent fall in the July-September quarter net profit. The bellwether stock went lower by 1.

The dip, driven by weaker-than-expected performance in its oil-to-chemicals (O2C) segment, has left investors and analysts contemplating their next move.

Reliance Industries shares fell about 1% following weak Q2 results. The 5% decline in net profit led Motilal Oswal to reduce the target price to Rs 3,255. Other brokerages like Jefferies, CLSA, and Nomura also commented on the results.