Reliance Industries denies link between share price fall and Russian Oil purchase reports
Reliance Industries’ share price dropped by 4% due to reports of receiving Russian oil, but the company clarified that there is no connection between the two. Bloomberg has corrected their earlier report and the company’s Q2 FY26 results showed a 9.6% increase in net profit. This led to a market valuation erosion of over Rs 94,000 crore.