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Reliance shares fall over 3 per cent despite record Rs 26,994 Cr Q1 profit

Rs Shares of Reliance Industries fell over 3 per cent on Monday despite posting a record Rs 26,994 crore Q1 profit, up 78 per cent YoY. Profit-taking hit the stock post-earnings as retail and Jio drove strong performance. Market valuation dropped by Rs 65,820 crore. Revenue rose to Rs 2.48 lakh crore in Q1 FY26.

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Representational Image. File Pic

Representational Image. File Pic

Shares of Reliance Industries on Monday declined over 3 per cent as profit-taking emerged in the counter after the company announced its April-June quarter earnings.

The bellwether stock edged lower by 3.29 per cent to settle at Rs 1,428.20 apiece on the BSE. During the day, it dived 3.64 per cent to Rs 1,423.05

On the NSE, the stock dropped 3.23 per cent to Rs 1,428.20 per piece.

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