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01-01-1970 12:00 AM | Source: Reuters
India`s Reliance shares drop after Q1 profit misses estimates
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Shares of Reliance Industries, India's largest company by market capitalisation, fell 2.3% in pre-open trading on Monday after the conglomerate posted a bigger-than-expected drop in its first-quarter profit late on Friday.
Weak demand and a steep fall in refining margins impacted the company's flagship oil-to-chemicals (O2C) business, contributing to the profit slide.
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