RIL restructuring to ease Aramco deal, unlock next leg of up move: Analysts
Reliance Industries' (RIL) investors remained largely unfazed by the company’s proposal to hive off the oil-to-chemical (O2C) business into a 100 per cent subsidiary of RIL as most had anticipated the move. Shares of RIL closed 0.8 per cent higher on the BSE on Tuesday, having rallied 2 per cent at the bourses in the intra-day trade. Yet, the latest announcement, RIL's focus on 'new energy and net materials' business (dedicated towards development of a green energy ecosystem) and gradually improving outlook for O2C vertical could provide triggers for the stock going ahead. Late on Monday...
Source: business-standard.com