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The Economic Times
The Economic Times
Veer Sharma

Reliance Industries share price target: What are brokerages saying after Q1 results?

Reliance Industries Reliance Retail Jio Digital Mukesh Ambani O2C Emkay Morgan Stanley Nomura

Shares of Mukesh Ambani-led Reliance Industries rose over a per cent to Rs 1,342 on the BSE on Monday after the conglomerate reported June quarter earnings that topped street expectations on the back of strong growth across its businesses.

Revenue from operations rose 25% year-on-year (YoY) to Rs 3.11 lakh crore in the June quarter from Rs 2.48 lakh crore a year ago. Net profit, however, declined 22% YoY to Rs 20,946 crore due to an exceptional item related to the sale of its stake in Asian Paints in the corresponding period last year.

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