Shares of Reliance Industries Ltd (RIL) edged higher on Thursday even as broader markets remained under pressure, after US President Donald Trump, yesterday, announced plans to build a new oil refinery in Texas with the support of investment from the Mukesh Ambani-led conglomerate. From a technical standpoint, Reliance Industries is currently moving through a consolidation…
Reliance Industries share price gained over a percent in early trade on Wednesday after US President Donald Trump announced a plan to build a new oil refinery in Brownsville, Texas, with the help of investment from Reliance Industries Ltd. Reliance share price rose as much as 1.74% to ₹1,433.65 a piece on the BSE. Trump…
Reliance Industries’ consolidated net profit in the December quarter rose just 0.56% year-on-year to ₹18,645 crore. Although profit growth remained sluggish, the company’s topline performance remained strong. Revenue from operations grew 11% year-on-year to ₹2.69 lakh crore, driven by better performance from Jio and Oil-to-Chemicals (O2C) segments. Source
