Why Reliance Industries Share Price Falling? Reliance Industries shares today cracked more than 2 per cent following weal Q2 results. RIL stock was among the top losers in Nifty50 index.

Mukesh Ambani-led oil-to-telcom conglomerate is expected to report muted growth due to a weaker oil-to-chemicals (O2C) business, while net profit is likely to rise 9-10 per cent.

Shares of Reliance Industries Ltd fell by over 1% after reporting a net profit decline of 5% in the July-September quarter due to weak oil refining and petrochemical sectors. Consolidated net profit dropped to Rs 16,

Reliance Jio's net profit surged 23.2% year-on-year, reaching ₹6,231 Crore, while revenue increased by 14.5%, rising to ₹28,338 Crore.

As traders await bonus share record date announcement; technical chart shows that Reliance stock has strong support at Rs 2,640 its 20-MMA - a key moving average the stock has held since June 2023.

MOFSL said RJio will be the biggest driver of Ebitda growth over FY24-27, driven by more frequent tariff hikes, market share gains in wireless, and the ramp-up of Homes and Enterprise business.

Out of the 37 analysts that have coverage on Reliance Industries, 28 of them have a "buy" recommendation on the stock, six of them say "hold", while three have a "sell" recommendation.

Investors will be paying close attention to the heavyweight stock on Tuesday, October 14, as the quarterly results are expected to impact the stock's movement.

On Monday, Reliance Industries Limited (RIL) reported its Q2 financial results, revealing a net profit of Rs 16,563 crore, down from Rs 17,394 crore last year. The revenue of the company remained stable at Rs 2.

Reliance Industries reported its second-quarter earnings report for the 2024-25 fiscal year on Monday October 14. Here are some key highlights from the results.

The country’s most valuable company reported a consolidated profit of ₹16,563 crore, which was 4.7 per cent lower compared to the same period last year.