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Reliance Industries gets 23 FY EPS cuts as stock slides 5% amid bribery probe
- Reliance Industries (RELIANCE.BO) collected 23 FY EPS cuts vs 8 upgrades in the 7 days ending May 11, after a Q4 profit miss of 12% reported on April 24 — the heaviest bearish revision skew among Indian blue-chips this week.
- The stock fell from ₹1,463 on May 3 to ₹1,388 on May 10, a 5.1% drop, and sits 14% below its 52-week high of ₹1,611.
- A bribery investigation into Reliance unit Asteria Aerospace is adding pressure, with the company handing over documents to federal police as recently as May 5.
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Conclusion
eps_revisions (snapshot_date=2026-05-11): RELIANCE.BO, period=0y, down_last_7_days=21, up=8; period=+1y, down=23, up=8. daily_prices: RELIANCE.NS close ₹1,463 on 2026-05-03 → ₹1,388 on 2026-05-10; 52-week high ₹1,611. news: 'India's Reliance hands over documents in bribery probe' (Reuters, 2026-05-05); 'Ambani's Reliance posts quarterly profit drop, misses street view' (Reuters, 2026-04-24).