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Shares of Mukesh Ambani-led Reliance Industries (RIL) plunged nearly six per cent the most since November 2 after analysts raised concerns over disclosure standards. The country’s most-valuable firm on Friday reported record quarterly profit for the quarter ended December 31, but didn’t disclose gross refining margins (GRM), a key metric to analyse its oil and petrochemicals vertical, which accounts for about 70 per cent of revenue. “Transparency levels are falling across businesses. RIL has stopped reporting a key matrix GRM altogether. Similarly, it has ceased providing division-wise turnover breakdown for retail and Jio’s key driver FTTH (fiber-to-the-home) lacks granularity,” said Edelweiss analysts, led by Jal Irani, in a note.