Reliance Industries Promoters Increase Stake by 0.5% in June Quarter, Investing Rs 9,000 Crore

Summary

Promoters of Reliance Industries increased their stake by 0.5% in the June quarter through market purchases estimated between Rs 8,500–9,000 crore. This move signals confidence despite the company's weak stock performance, earnings misses, and challenges in its retail and oil-to-chemicals businesses.