Reliance Industries shares saw a significant drop of 4.4 percent. This marked the biggest single-day fall in 18 months. The company denied a report about Russian oil heading to its Jamnagar refinery. Reliance stated no Russian crude oil deliveries were expected in January. The market value of the company decreased by approximately ₹94,000 crore.
Motilal Oswal initiates coverage on Adani Enterprises with Buy, sees 25% upside. Here’s why
Motilal Oswal has initiated coverage on Adani Enterprises with a Buy rating and a target price of Rs 3,880, implying 25% upside from the prevailing