Reliance Industries stock set for Monday test after Ambani’s ₹7 trillion Gujarat pledge, Jio AI push
Mukesh Ambani pledged ₹7 trillion investment in Gujarat over five years, focusing on clean energy and an AI-ready data centre in Jamnagar. Reliance shares closed Friday at ₹1,475.30, up 0.3% for the day but down 6% year-to-date. Investors await Reliance’s quarterly earnings on Jan. 16. The stock saw its steepest weekly drop since October 2024 last week, falling 7.4% amid tariff and crude supply concerns.