RIL adds 1% today ahead of Q1 results; stock is down 5.5% so far in FY23

22 Jul 2022 , 09:58 AM

A sneak peek at Reliance Industries (RIL) Q1 results Prior to the release of the company’s April-June quarter report (Q1FY23) later today, Reliance Industries shares increased more than 1% to Rs 2,517 per share on the BSE. The shares were trading 0.99% higher at Rs2,512 at 9:20 AM compared to a 0.5% increase in the S&P BSE Sensex.

RIL shares have underperformed the market thus far in July, falling 4% on the exchanges compared to a 4.5% increase in the BSE’s 30-pack index. Additionally, the performance of the Mukesh Ambani-led company’s shares so far in the current fiscal year (FY23) has been comparable to that of the forefront index. Each of them has lost 5.4% within the time frame.