Shares of Reliance Industries (RIL) slipped 2 per cent at Rs 2,382.85 on the BSE in the intra-day trade on Monday after the company's telecom arm Reliance Jio delayed the launch of its affordable smartphone, JioPhone Next, which was scheduled to take place on Ganesh Chaturthi, 10 September 2021. which was developed in partnership with Google, owing to the ongoing semiconductor shortage globally.Reliance Industries last week in its filing to exchanges informed that Jio Platforms Limited, a subsidiary of the company, said “JioPhone Next in advanced trials, with festive-season rollout to commence before Diwali”. Reliance Industries Ltd stock has hit a day’s high of Rs 2,430 apiece. Analysts say that post a strong rally in RIL stock, there is a small profit booking. Despite today’s decline, the stock has outperformed the market by surging 11 per cent in the past one month,
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