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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 SECTIONS No more FAANG-like valuation, RIL price targets now range from Rs 1,350 to Rs 2,580By Share The conglomerate delivered a mixed bag on Friday. Related NSE Explore Now NEW DELHI: Investors on Dalal Street seemed to have given a thumbs down to Reliance Industries March quarter earnings on Monday. Analyst reviews of 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 ....