Reliance gets court relief over FSSAI ban on Campa's 'energy drink' label
Reliance Industries is in focus.
· BS Companies, LiveMint Companies
The relief came after the Food Safety and Standards Authority of India (FSSAI) in June directed makers of high-caffeine beverages sold as 'energy drinks' to stop using the…
The analysis
Against that, the stock is -2.5% on the day at ₹1,177.10, and has returned -7.5% over three months. It sits 26% below its 52-week high, which means a good deal of bad news was already in the price. The oil & energy sector has moved -0.0% over the same period, so Reliance Industries is running 7.5 points behind its peers.
For Reliance Industries, the question is how much of this is already reflected in the price and how much re-rates the oil & energy peer set alongside it.
Market context
- The company directly in focus is RELIANCE.
- Sector exposure: Oil & Energy.
- The immediate tone of coverage reads negative.
In this story
Related coverage
India may provide cheapest AI access to every citizen in 5-7 yrs: Jio exec
Reliance shares may be a cheaper way to buy Jio Platforms after its listing
Vodafone Idea zooms 12% after FPO sees 6x subscription; focus shifts to allotment, listing
Why is market crashing today? Sensex slumps 700 points, Nifty below 22,400. 7 key factors behind Rs 7 lakh crore wipeout
Bharti Airtel's Sunil Bharti Mittal backs Jio's public listing, says ‘looking forward to a very successful IPO’