RIL share trading flat ahead of Q4 earnings, here s what to expect
Kotak Securities sees a 2 per cent rise in consolidated sales at Rs 1,39,012 crore in Q4 against Rs 1,36,240 crore in the year-ago quarter
BusinessToday.In | April 30, 2021 | Updated 10:31 IST
Share of RIL was trading 0.03% lower at Rs 2,022 on BSE. The stock has gained 6.35% in the last 5 days.
Reliance Industries Ltd (RIL) share was trading flat ahead of the conglomerate s Q4 earnings scheduled to be announced today. Share of RIL was trading 0.03% lower at Rs 2,022 on BSE. The stock has gained 6.35% in the last 5 days. The stock trades higher than 5 day, 20 day and 100 day moving averages but lower than 50 day and 200 day moving averages.
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Reliance Industries secures shareholders, creditors nod to hive off O2C business into separate unit
Billionaire Mukesh Ambani s Reliance Industries Ltd on Friday said it has secured approval of its shareholders and creditors for hiving off its oil-to-chemical (O2C) business into a separate unit.
As per directions of the National Company Law Tribunal (NCLT), the company convened meetings of equity shareholders, lenders and unsecured creditors for consideration of a resolution for transferring the O2C business to a separate subsidiary - Reliance O2C Limited.
In stock exchange filings, RIL said 99.99 per cent of shareholders, who participated in the meeting held through video conferencing, voted in favour of the resolution. While 100 per cent of the secured creditors voted in favour of the resolution, 99. 99 per cent of unsecured creditors cast their vote in favour of the resolution. The meetings were chaired by former Supreme Court judge Justice (Retd) BN Srikr
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Reliance Industries share price target Rs 2,500
Reliance share price target: JM Financial has reiterated a buy with a target price of Rs 2,500 as Reliance Industries Limited (RIL) is entering a strong free cash flow generation phase with major capex completed and expectation of strong 17-18 per cent EPS CAGR over the next 3-5 years led by Digital and Retail businesses.
JM Financial said in a report that Jio s subscriber momentum could be bottoming out, given its aggressive strategy to acquire significant quantities of capacity spectrum to regain subscriber momentum via its new Jio Phone offers and impending launch of the low cost smartphones.
Stop loss: 485 Radico has gained noticeable traction in the last ten months and has doubled the investors money in such a short period. Importantly, it s currently trading closer to its record high and has also ended the 2-year long consolidation phase of late. All indications are in favour of the prevailing buoyancy to continue. We thus suggest creating fresh longs in the given range.
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Disclaimer: Ajit Mishra is VP - Research at Religare Broking Dear Reader,
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