Why Reliance investors remain unimpressed3 min read . Updated: 26 Oct 2022, 10:07 AM IST
- Rising debt levels and weak outlook for its O2C segment means limited triggers for the stock.
Reliance Industries Ltd’s (RIL) shares are down 7.3% so far in FY23 compared to the 1% gain in the Nifty 50 index. Unfortunately, the company’s September quarter (Q2FY23) results do little to alter investors’ sentiments towards the stock. Consolidated Ebitda came in at ₹31,224 crore, 18% lower than Q1. Ebitda is earnings before interest, tax, depreciation, and amortization, and excludes other income.
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