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Business·23/04/2026Résumé IA
Reliance Industries faces pivotal Q4 earnings week after 15% stock correction
Reliance Industries prepares for Q4 earnings and dividend announcement this week as its stock reels from a 15% correction, wiping Rs 3.37 lakh crore in market cap. Mukesh Ambani has lost his Asia's richest person crown to Gautam Adani, with net worth falling to $91 billion. FII holding has dropped to 18.67% from peak 28.3% in 2021. Analysts remain bullish with JPMorgan maintaining Overweight (target Rs 1,675) and JM Financial maintaining Buy (target Rs 1,730), citing strong digital business growth potential. Jio IPO filing expected in May with $180 billion valuation.
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Economic Times