{"id":593202,"date":"2023-07-25T09:32:45","date_gmt":"2023-07-25T04:02:45","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=593202"},"modified":"2023-07-25T09:59:30","modified_gmt":"2023-07-25T04:29:30","slug":"ril-dips-3-in-intraday-trade-on-weaker-than-expected-q1fy24-results","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ril-dips-3-in-intraday-trade-on-weaker-than-expected-q1fy24-results\/","title":{"rendered":"RIL dips 3% in intraday trade on weaker-than-expected Q1FY24 results"},"content":{"rendered":"<p>Shares of Reliance Industries dipped 3 per cent to Rs 2,469.55 on the BSE in Monday&#8217;s intra-day trade as investors booked profit in the company after it reported lower-than-expected June quarter results (Q1FY24), with a 10.8 per cent year-on-year (YoY) dip in its consolidated net profit of Rs 16,011 crore owing to weak profitability seen in the oil-to-chemicals (O2C) business.<\/p>\n<p>In the past two trading days, the stock has declined 5 per cent. It had hit a record high of Rs 2,635.17 (adjusted to demerger of Jio Financial business) on July 19. The shares, however, recovered and were flat at 9:45 AM, as against 0.16 per cent dip in the S&amp;P BSE Sensex.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Reliance Industries dipped 3 per cent to Rs 2,469.55 on the BSE in Monday&#8217;s intra-day trade as investors booked profit in the company after it reported lower-than-expected June quarter results (Q1FY24), with a 10.8 per cent year-on-year (YoY) dip in its consolidated net profit of Rs 16,011 crore owing to weak profitability seen in the oil-to-chemicals (O2C) business. In the past two trading days, the stock has declined 5 per cent. It had hit a record high of Rs 2,635.17 (adjusted to demerger of Jio Financial business) on July 19. The shares, however, recovered and were flat at [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-593202","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/593202","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=593202"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/593202\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=593202"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=593202"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=593202"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}