Reliance Industries falls 3% post March quarter results; slips 9% in 6 days

RIL reported a consolidated net profit of Rs 16,203 crore for Q4FY22, up 22.5 per cent over the year-ago period's Rs 13,227 crore but slightly short of expectations.

Shares of Reliance Industries (RIL) fell up to 3 per cent to Rs 2,542.1 on the BSE in Monday’s intra-day trade after Mukesh Ambani-led oil-to-chemicals (O2C) company on Friday reported a consolidated net profit of Rs 16,203 crore for the quarter ended March 31, 2022 (Q4 FY22), up 22.5 per cent over the year-ago period’s Rs 13,227 crore, but slightly short of expectations.

The stock was quoting lower for the sixth straight trading day, down 9 per cent during the period. It had hit a record high of Rs 2,855 on April 29, 2022. In comparison, at 09:25 am,