Elon Musk Slams Mukesh Ambani's Backers Over 'Absurd Hypocrisy' As Starlink Feud Escalates
Reliance Industries is in focus.
· NDTV Profit
Musk argued that if, indeed, Starlink's services were too expensive in India, consumers would not buy them, forcing the company to make its pricing affordable.
The analysis
Against that, the stock is -0.7% on the day at ₹1,170.30, and has returned -8.6% 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 -1.5% over the same period, so Reliance Industries is running 7.1 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.
In this story
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