Reliance Industries Ltd Sponsored GDR 144A (NSE:RELIANCE) reported about 30% YoY revenue growth in the June quarter while net profit slipped ~26% after a prior-year one-off from an Asian Paints stake sale, and the company is advancing sodium‑ion battery development even as the industry faces scaling delays.
Previous Week Recap
- Reliance Posts Revenue Rise; Profit Falls: RELIANCE posted ~30% YoY revenue growth in the June quarter; net profit fell ~26% YoY due to absence of prior-year one-off gain from Asian Paints stake sale.
- Reliance Plans Sodium-Ion Battery: RELIANCE is planning sodium‑ion battery development as India boosts the tech. Traders should note the company’s project amid industrywide delays scaling sodium‑ion production.
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