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As of the current date (2025-07-21), I’ll provide an analysis of the situation. However, please note that my information may not be entirely up-to-date, and I’ll rely on general knowledge and trends.

Reliance Industries Limited (RIL) is a multinational conglomerate with diverse business interests, including energy, petrochemicals, retail, and telecommunications. Despite analysts’ positive projections, RIL’s shares may have plummeted due to various factors.

Some possible reasons for the decline in RIL’s shares could be:

  1. Underwhelming Q1 earnings: Although analysts had positive projections, the actual Q1 earnings might not have met their expectations. If the company’s revenue, net profit, or other key metrics fell short of estimates, it could have led to a decline in investor confidence and, subsequently, a drop in share price.
  2. Disappointing performance in key segments: RIL’s business is divided into several segments, such as refining, petrochemicals, retail, and digital services (Jio). If any of these segments underperformed or reported disappointing numbers, it could have negatively impacted the overall market sentiment and share price.
  3. High expectations: Analysts’ positive projections might have created high expectations among investors, which can be challenging to meet. If RIL’s Q1 earnings failed to exceed these expectations, the market might have reacted negatively, leading to a decline in share price.
  4. Global market trends and external factors: The stock market is often influenced by global trends, economic conditions, and external factors such as geopolitical events, changes in government policies, or fluctuations in crude oil prices. Any adverse developments in these areas could have contributed to a decline in RIL’s shares, regardless of the company’s Q1 performance.
  5. Investor sentiment and market psychology: Investor sentiment and market psychology can play a significant role in determining stock prices. If investors were expecting a stronger Q1 performance or were worried about the company’s future prospects, they might have sold their shares, leading to a decline in the stock price.

To better understand the situation, I would like to ask some follow-up questions:

  • What were the specific Q1 earnings numbers reported by RIL, and how did they compare to analyst estimates?
  • Were there any significant events or announcements made by the company during the quarter that could have impacted investor sentiment?
  • How did the performance of RIL’s key segments, such as refining, petrochemicals, retail, and digital services, contribute to the overall Q1 earnings?

Please provide more context or information, and I’ll do my best to provide a more detailed analysis.

The article you’re referring to highlights the challenges faced by businesses in Thailand after the government’s sudden U-turn on the legalization of cannabis. Here’s a brief summary:

Background: In 2022, Thailand became the first country in Southeast Asia to decriminalize cannabis, allowing businesses to grow, sell, and distribute cannabis products. Many entrepreneurs invested heavily in the industry, expecting a lucrative market.

U-turn: However, in a surprise move, the government recently reversed its stance, announcing a new law that restricts the use of cannabis to medical purposes only. The law prohibits the sale and distribution of cannabis for recreational use, effectively crippling the emerging industry.

Impact on businesses: The sudden change in policy has left many businesses scrambling to survive. Companies that had invested in cannabis cultivation, processing, and retail are now facing significant losses. Some have already shut down operations, while others are trying to adapt to the new regulations by shifting their focus to medical cannabis products.

Challenges ahead: The new law poses significant challenges for businesses, including:

  1. Loss of investment: Many businesses had invested heavily in the industry, expecting a recreational market. These investments are now at risk of being lost.
  2. Regulatory uncertainty: The new law has created uncertainty, making it difficult for businesses to navigate the regulatory landscape.
  3. Limited medical market: The medical cannabis market is expected to be much smaller than the recreational market, making it challenging for businesses to survive.

Way forward: To survive, businesses will need to adapt quickly to the new regulations. This may involve:

  1. Diversifying products: Companies can focus on developing medical cannabis products, such as oils, tinctures, and topical creams.
  2. Exporting: Businesses can explore export opportunities to countries where recreational cannabis is legal.
  3. Advocacy: Industry players can lobby the government to reconsider its stance on recreational cannabis, highlighting the economic benefits of a regulated industry.

The Thai government’s U-turn on cannabis legalization has created a difficult environment for businesses, but with adaptability and innovation, some companies may still be able to thrive in the medical cannabis sector.