RIL Q1FY21 - JIO SAVES THE DAY

Reliance Industries results for Q1FY21 were announced today evening and the one-time gain on account of stake sale in BP plus a lower tax outgo saved the day. It is Reliance Jio which saved the day as all other segments had a disastrous quarter.

Our Editor, Mr.SP Tulsian expects the market to react adversely to these numbers and with hedge funds having taken position in the stocks, in the short term, he expects profit booking to come in.

A quick look at the highlights of the performance.