Reliance Industries (RIL) shares rose 11% last week on rising polymer spreads, marking end of corrective phase. The stock could be heading towards a record high of Rs 2,490, say analysts
No more FAANG-like valuation, RIL price targets now range from Rs 1,350 to Rs 2,580
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No more FAANG-like valuation, RIL price targets now range from Rs 1,350 to Rs 2,580By
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The conglomerate delivered a mixed bag on Friday.
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NEW DELHI: Investors on Dalal Street seemed to have given a thumbs down to Reliance Industries March quarter earnings on Monday.
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RIL’s March quarter numbers reflected lack of consensus on future earnings, with target prices varying from as low as Rs 1,350 to as high as Rs 2,580.
The Mukesh Ambani-led conglomerate delivered a mixed bag on Friday, with profit growth failing to meet analyst estimates on lower other incomes.
RIL Q4 preview: Mukesh Ambani-led company set to report record profit
As per Kotak Securities, Mukesh Ambani-led company will record about 2 per cent growth in consolidated sales at Rs 1.39 lakh crore compared to 1.36 lakh crore sale in the same quarter last year
BusinessToday.In | April 30, 2021 | Updated 12:31 IST
RIL reported 12.5 per cent year-on-year growth in consolidated net profit at Rs 13,101 crore for the third quarter
India s biggest conglomerate Reliance Industries (RIL) is all set to report a record profit in January-March quarter over a low base. The company is expected to record 2-3 per cent rise in total revenue for the quarter on a year-on-year basis. As per Kotak Securities, Mukesh Ambani-led company will record about 2 per cent growth in consolidated sales at Rs 1.39 lakh crore compared to 1.36 lakh crore sale in the same quarter last year.
Read more about Chart check: Will the O2C biz spin-off trigger a fresh rally in RIL stock? on Business Standard. A breakout above Rs 2,100 in RIL s counter may see a rally towards 2,400