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Reliance Industries Q4 results: Brokerages up RIL share price targets; should you invest? | India Business News

India Business News: Reliance Industries (RIL), led by billionaire Mukesh Ambani, on Monday announced its quarterly earnings for the January to March period. After the release of these results, several brokerages have raised their target prices for the company's stock.

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Reliance Retail Q4FY24 results: Net profit rises 11.7% YoY to ₹2,698 crore

In Q4 FY24, Reliance Retail saw a 9.8% YoY increase in revenue and an 18.1% improvement in Ebitda. For FY24, the company surpassed ₹3 trillion in gross revenue for the first time, with a 17.83% growth. The registered customer base increased by 22.2% YoY.

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RIL, ICICI Bank, HCL Tech among 10 Nifty 50 stocks that hit fresh record highs

Nifty 50 closes flat after hitting a new high at 22,297 points. The short-term outlook remains positive with resistance at 22,400. 10 out of the 50 constituents of the index achieved new record highs. In terms of sector-specific performance, Nifty Media jumped by 1.36%.

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Reliance's new energy biz value greater than half of Nifty 50 stocks

Reliance Industries' share price has touched a new high, surpassing a market capitalisation milestone of Rs 20 lakh crore earlier this week after remaining within a range for the past three years

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RIL turns bigger than McDonald's, Netflix as Mukesh Ambani fuelling India's $1 trillion dream

Reliance Industries, owned by Mukesh Ambani, has become the largest wealth creator on Dalal Street with a market capitalization of Rs 20 lakh crore. It is bigger than American giants like McDonald's, PepsiCo, Netflix, and Accenture. RIL is also the only Indian company among the world's 50 most valuable companies and is also one of the top candidates to become India's first $1 trillion stock.

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New Peak! Reliance Industries share price hits another record high; mcap hits ₹20 lakh crore

Reliance Industries' share price hit a record high on Friday with its market capitalisation crossing ₹20 lakh crore. Reliance shares rallied as much as 3.4 percent to a fresh high of ₹2,949.90 apiece on the BSE.

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