Reliance Shares Jump 8% After Record Q2 Results
Reliance Industries shares rose nearly 8% after the company reported record second-quarter results. The stock became the top gainer on the Nifty index and was among its biggest movers. Brokerages have trimmed their price targets, even as the results lifted the outlook for earnings. The move was seen in trading on Monday, 2 November.
Context
Context: Reliance Industries is one of India's largest companies, with businesses in oil, retail and telecom, so its quarterly results often move the wider market. Q2 refers to the July to September quarter of the financial year.
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