Reliance Industries stock closes 2.53% lower post annual general meeting
VK Sharma, Head Private Client Group & Capital Market Strategy at HDFC Securities said," Reliance saw profit booking as the company unveiled its foray into the broad band services known as 'Jio Giga Fiber'. This is a smart move by the company in a sector that has not seen keen penetration. The stock had risen 6% in the run up to the AGM, so a correction was not out of place."
Last Updated: July 5, 2018 | 17:37 IST