Reliance Slips Ahead Of Q2 Earnings On Friday | Neal Bhai

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.
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Neal Bhai has been involved in the Bullion and Metals markets since 1998 – he has experience in many areas of the market from researching to trading and has worked in Delhi, India. Mobile No. - 9899900589 and 9582247600

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