Shares of Reliance Industries Ltd. shed 1.31% in intraday trade to Rs 2,696.15 apiece. The company will report its earnings for the September quarter on Friday.
- About 2.63 million shares of RIL changed hands in a pre-market trade today. Details of the buyers and sellers were not immediately known
- Of the 37 analysts tracking the company , 23 maintained ‘buy’, nine maintained ‘hold’ and five maintained ‘sell’ recommendations. The overall consensus price of analysts tracked by Bloomberg implied a downside of 8.6%
- Nomura Holding Inc. had downgraded the stock to ‘neutral’ from ‘buy’ on Tuesday citing ‘rich’ valuations. This is the first time Nomura has downgraded RIL’s stock in many years.