Reliance shares rise after oil-to-telecom conglomerate reports 2% decline in Q4 revenue

Reliance Industries shares rose on Monday, after the oil-to-telecom conglomerate last week reported its financial results for the January-March 2023 period. Reliance shares gained by as much as Rs 34 — or 1.4 per cent — to Rs 2,382.9 apiece on BSE in early deals. 

After market hours on Friday, Reliance Industries Ltd (RIL) reported a two per cent decline in revenue to Rs 2,16,376 crore for the March quarter compared with the previous three months. Its quarterly net profit came in at Rs 19,299 crore, according to a regulatory filing. Its telecom arm, Reliance Jio Infocomm — which provides telecom services under brand Jio — reported a net profit of Rs 4,716 crore for the three-month period. Read more on RIL Q4 results

Here's how some of the top brokerages view Reliance Industries after the release of the group's Q4 results: 

(This story will be updated shortly)

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