Reliance Industries Q3 results surpass analyst expectations, stock shows resilience with 23% surge since October 2023 low

Reliance Industries has reported impressive figures for the quarter ending December, surpassing analysts’ predictions. The company’s profits and operational metrics received a significant boost from strong performances in the retail, digital (Jio), and oil & gas sectors.

Reliance Industries’ stock has demonstrated robust performance, registering a notable surge of 23 percent on the NSE since the low point in October 2023. Closing at Rs 2,734.9 on January 19, the stock showcased resilience in the face of market dynamics.

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As of 9:48 am, the shares were marginally down by 0.10%, trading at ₹2,733.10. Despite the slight dip, the overall trajectory reflects the sustained strength of Reliance Industries in the market.