RIL share price slides 3% on fall in Q4 net profit

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RIL share price slides 3% on fall in Q4 net profit
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Reliance Industries share fell in early commerce immediately after the conglomerate reported  a 37 per cent fall in This fall web revenue. Share worth of Reliance Industries opened 1.73% or Rs 25 decrease at Rs 1,442 in comparison with the earlier shut of Rs 1,467 on BSE. The big cap inventory fell as much as 3.27% to Rs 1,419 on BSE. Whole 5.05 lakh shares modified palms amonting to turnover of Rs 73.32 crore.

Market cap of the agency stood at Rs 9.17 lakh crore on BSE.

RIL inventory trades increased than its 5, 20 and 50 day shifting averages however decrease than 100 and 200-day shifting averages. RIL inventory worth has gained 2.57% in a single week and 36.04 % in a single month. Nevertheless, it’s down 3.11% for the reason that starting of this yr.

Web revenue for quarter ended March 2020 fell to Rs 6,546 crore, the bottom in three years. Within the fourth quarter, the corporate stated it had an distinctive merchandise of Rs 4,267 crore which dented the revenue Income fell 2.5 per cent to Rs 151,209 crore Web revenue excluding distinctive objects elevated by 3.7 per cent to Rs 10,813 crore, it stated That is the second quarter in 2019-20 that noticed a dip in revenue. It had reported a quarter-on-quarter decline in Q1 FY20.

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