01-01-1970 12:00 AM | Source: Reuters
India`s Reliance shares drop after Q1 profit misses estimates
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/07/d91722909905cdda041da5ccd65b1f94.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
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.
Latest News
![](https://portfolio.investmentguruindia.com/uploads/news/Arvind Kapil, MD and CEO, Poonawalla Fincorp.jpg)
Poonawalla Fincorp AUM up 52% YoY to Rs 26,972 crore...
Sensex ends lower ahead of Union Budget 2024-25
![](https://portfolio.investmentguruindia.com/uploads/news/telangana22.jpg)
Major allocations likely for six guarantees in Telan...
![](https://portfolio.investmentguruindia.com/uploads/news/Manoranjan Sharma, Infomerics Ratings.jpg)
Quote on Economic Survey by Dr. Manoranjan Sharma, ...
![](https://portfolio.investmentguruindia.com/uploads/news/Manoranjan Sharma, Infomerics Ratings.jpg)
Quote on Economic Survey by Dr. Manoranjan Sharma, ...
![](https://portfolio.investmentguruindia.com/uploads/news/india22.jpg)
India made significant progress on climate action: E...
![](https://portfolio.investmentguruindia.com/uploads/news/Manish Chowdhury.jpg)
StoxBox weekly recommendations Aarti Drugs
![](https://portfolio.investmentguruindia.com/uploads/news/Suman Bannerjee.jpg)
Quote on Economic Survey by Suman Bannerjee, CIO, H...
![](https://portfolio.investmentguruindia.com/uploads/news/farm22.jpg)
Farm sector gets boost as Agri Infra Fund mobilises ...
![](https://portfolio.investmentguruindia.com/uploads/news/karnal22.jpg)
Budget 2024: What Karnal residents expect from FM Ni...