After a soft June quarter, Reliance’s pricey valuations stand out more
Currently, at ₹2,067, the Reliance stock trades at about 21 times estimated earnings for FY2022
RIL’s earnings may stay depressed in the near term given that recovery would be slow owing to covid
Shares of Reliance Industries Ltd (RIL) have risen 37% this year, at a time when the benchmark Nifty 50 index has shed 9%. In absolute terms, RIL has added about ₹4 trillion to its market capitalization.
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