![This Mukesh Ambani-backed stock surges 18% as Q1 profit jumps 69%](https://images.assettype.com/fortuneindia%2F2024-07%2Fdfd364f0-066d-4b7f-9947-e3f2691818af%2FJust_Dial.webp?w=300&q=95)
This Mukesh Ambani-backed stock surges 18% as Q1 profit jumps 69%
Just Dial shares touched a 52-week high of ₹1,218.95 today, rebounding 75% from its 52-week low of ₹694.80 hit on September 22, 2023.
Just Dial shares touched a 52-week high of ₹1,218.95 today, rebounding 75% from its 52-week low of ₹694.80 hit on September 22, 2023.
The partnership will bring ASOS's range of brand labels to India through retail formats like exclusive brand stores, multi-brand outlets, and digital platforms.
The company focuses on value-added products such as curd, paneer, cheese and cold coffee to cash in on a growing industry.
RIL's petroleum business posted a net profit of ₹9,924 crore in the December quarter, while the consumer businesses together registered a profit of ₹8,610 crore.
The largecap stock gained 8.5% to hit a 52-week high of ₹945.80 intraday on Monday after it posted stellar earnings in the December quarter
Agile and proactive regional brands are giving large FMCG companies stiff competition.
Reliance Industries’ EBITDA grew 30.2% YoY to ₹44,867 crore in Q2 FY24, while the margin improved by 390 basis points YoY to 17.5%.
The third biggest investment in Reliance Retail after KKR and QIA in the past two months; ADIA's investment will translate into a 0.59% stake
This is KKR’s second investment in Reliance Retail after an infusion worth ₹5,550 crore in 2020; overall stake buy rises to 1.42%
Post RIL’s 46th AGM, several analysts have maintained their rating and target price on RIL shares, expecting an upside potential of up to 23%.