Reliance Industries witnessed a 3% drop in shares post release of lower-than-expected Q1 earnings and deferred IPO plans. Brokerages remain optimistic about the company’s growth potential despite this setback.
Key highlights:
• Shares of Reliance Industries fell by over 3% on Monday.
• Q1 results for O2C and retail businesses were below market expectations.
• Telecom unit results met market expectations.
• Analysts foresee growth triggers in the near future.
The market reaction to Reliance Industries’ results highlights investor sensitivity and ongoing market volatility in the Indian business landscape.
Source: Economic Times