Amid earnings downgrades and target price cuts, largely driven by weakness in the retail business and a sharp decline in refining margins, Reliance Industries (RIL) shares are down about 23% from their peak in July, bringing valuations to their cheapest level since the Covid shock of March 2020. Goldman Sachs analysts believe that the sell-off…
READ MOREShares of Mukesh Ambani-owned Reliance Industries (RIL) today fell by 2% to an intraday low of Rs 1,278.70 on the BSE after 11.9 lakh equity shares of the company changed hands in a block deal. The official parties of the transaction as well as the price at which the securities were traded are not currently…
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