Reliance logo is seen in this illustration taken, August 13, 2024. REUTER
April 28 (Reuters) – India’s Reliance Industries jumped 2.2% on Monday, after billionaire Mukesh Ambani-led conglomerate beat fourth-quarter profit estimates on Friday.
The stock rose as much as 3.4%, topping the benchmark Nifty 50 by percentage. Reliance is the third-heaviest stock on the benchmark Nifty 50, which was up 0.3% on the day.
Out of 32 analysts covering the stock, at least nine hiked their target prices after results while seven upgraded the stock, as per data compiled by LSEG.
Reporting by Hritam Mukherjee in Bengaluru
