Reliance Shares Briefly Slip Below 1300 Amid Market Volatility
· Business · LiveMint, Economic Times
Reliance Industries shares swung between gains and losses in intraday trade on the BSE, briefly dipping below the ₹1,300 mark. The stock opened at ₹1,312.95 against its previous close of ₹1,308 and touched an intraday high of ₹1,318.90 and a low of ₹1,299. Year-to-date, the share price is down over 16%, contrasting with a nearly 9% decline in the benchmark Sensex. The volatility follows the company's announcement of a partnership with Rolls-Royce to develop an indigenous combat aircraft engine for India's AMCA programme. For the first quarter of FY27, Reliance reported a 25.41% year-on-year jump in revenue from operations to ₹3,11,850 crore, while profit attributable to owners stood at ₹20,946 crore.
Why it matters
As India's largest heavyweight corporation by market capitalization, fluctuations in Reliance Industries directly impact broader market indices and retail investor sentiment.
Read the original report — LiveMint
Join us on Telegram
Breaking news the moment it lands. At 10,000 members we ship the Android app.