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Reliance shares drop sharply after mixed Q3 results
Reliance stock slid over 3.5% after flat Q3 profit as gas output decline and weak retail results disappointed investors today.
Shares of Reliance Industries Ltd fell more than 3.5% on Monday after the company reported nearly flat net profit of ₹18,645 crore for the October-December quarter. A decline in gas production and weaker retail segment performance offset gains in other divisions, disappointing investors. The slump came as markets weighed growth outlook amid muted earnings momentum, prompting traders to reassess near -term prospects for India’s largest conglomerate.