Reliance shares jump 4.8%, set for best day in 1-1/2 years
Reliance shares rose 4.8% on Monday to 1,218.70 rupees, with strength in oil-to-chemicals and steady Jio growth outweighing retail weakness. The move boosted confidence in the conglomerate’s earnings outlook.
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04:06:42 AM UTC
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India's Reliance set for best day since January 2024 as O2C recovery, Jio growth lift outlook
Shares of Reliance Industries NSE:RELIANCE1! jumped 4.8% on Monday as strength in its oil-to-chemicals business and steady growth at Jio outweighed weakness in retail, boosting confidence in the conglomerate's earnings outlook.The stock was trading at 1,218.70 rupees and set for its best day since…