Reliance Industries reported strong operating profit growth in the June quarter, driven by oil marketing, retail, and digital services. Excluding a one-time gain, operating profit and net profit grew by 15% and 25% respectively. The company saw growth in its O2C business, telecom subscriber base, and retail segment, with Motilal Oswal reiterating a “buy” rating on the stock.
Why FIIs are dumping bluechips to hunt small & midcaps
Foreign institutional investors are shifting their focus from India’s top blue-chip stocks to a wider array of mid- and small-cap companies. This strategic repositioning is