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#675 Daily Money Show
Original: # 675 Daily Money Show | Money Purse Stock Market News
Takeaway
Reliance Q2 strong on oil/gas and retail; key Fed meetings on Oct 31/Nov upcoming.
Summary
- Market: -329 points to 19,140 with mid-cap weak and small-cap flat ahead of Oct 31/Nov Fed meetings
- Reliance Industries Q2 numbers discussed: oil and gas segment revenue +71.8%; Reliance Retail Ventures revenue +18.8%; Digital Services strong subscriber additions
- Operating profit +170% growth at one of the largest financial transmission/relationship management plays; previous quarter Rs 47 cr profit went to Rs 247 cr
- Small finance bank launched 2 new products including faster/quality data transmission, 160 micron GMP fiber manufacturing
- Mentions Craftsman Automation and steel manufacturing & project finance growth
RelianceearningsFed
Original description
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