InvestorQ : Why did Reliance correct by over 2% on 13th September, Monday?
Lavanya Subramanian made post

Why did Reliance correct by over 2% on 13th September, Monday?

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Anamika Sodhani answered.
2 months ago
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Reliance Industries fell over 2% on Monday after the company announced that it would put off its proposed launch of the Jio Phone Next, a joint collaboration with Google. The reason is the acute shortage of microchips in the market, which is the lifeline of a smart phone. This was to be originally launched on the day of Ganesh Chaturthi, but the Jio Phone will now be launched on the day of Diwali in the month of November this year.

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