{"id":593268,"date":"2023-07-25T10:01:19","date_gmt":"2023-07-25T04:31:19","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=593268"},"modified":"2023-07-25T11:08:30","modified_gmt":"2023-07-25T05:38:30","slug":"reliance-shares-drop-after-q1-profit-misses-estimates","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/reliance-shares-drop-after-q1-profit-misses-estimates\/","title":{"rendered":"Reliance shares drop after Q1 profit misses estimates"},"content":{"rendered":"<p>Shares of Reliance Industries, India&#8217;s largest company by market capitalisation, fell nearly 3 per cent on Monday after the conglomerate posted a bigger-than-expected drop in its first-quarter profit late on Friday.<\/p>\n<p>Weak demand and a steep fall in refining margins impacted the company&#8217;s flagship oil-to-chemicals (O2C) business, contributing to the profit slide.<\/p>\n<p>The fall in Reliance&#8217;s shares, their steepest in two weeks, lead losses on the benchmark Nifty 50 index. The Mukesh Ambani-led company is the heaviest stock in the index with a 10.21 per cent weightage.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Reliance Industries, India&#8217;s largest company by market capitalisation, fell nearly 3 per cent 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&#8217;s flagship oil-to-chemicals (O2C) business, contributing to the profit slide. The fall in Reliance&#8217;s shares, their steepest in two weeks, lead losses on the benchmark Nifty 50 index. The Mukesh Ambani-led company is the heaviest stock in the index with a 10.21 per cent weightage.<\/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":[146,130,177],"tags":[],"class_list":["post-593268","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/593268","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=593268"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/593268\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=593268"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=593268"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=593268"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}