#Goldman Sachs
Latest news and updates about Goldman Sachs.
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Latest news and updates about Goldman Sachs.
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Shares of Mukesh Ambani-led Reliance Industries declined over a per cent to their day’s low of Rs 1,311 on the NSE on Monday after it reported a 13% year-on-year decline in consolidated net profit at Rs 16,971 crore for the fourth quarter of FY26, compared with Rs 19,407 crore in the same period last year. On a sequential basis, profit slipped 8% from Rs 18,645 crore reported in the December quarter. JioStar reported strong performance, with revenue of Rs 9,784 crore and EBITDA, including other income, of Rs 827 crore.
11% to Rs 1,303 on Friday, as cautious commentary from global brokerages Goldman Sachs and Citigroup dampened investor sentiment and reignited concerns over the company’s near-term growth prospects, according to a research note reported by ETNow. Goldman Sachs turns cautious, trims outlook sharply The brokerage downgraded the stock to “Sell” and sharply cut its target price to Rs 1,075 from Rs 1,225, signalling potential downside from current levels.
