Most brokerages are upbeat on the stock’s prospects after the Q3FY25 results, but a lack of clarity on listing the telecom and retail businesses continues to play spoilsport.
3 min read17 Jan 2025Goldman Sachs views the sell-off in Reliance Industries shares as exaggerated, maintaining a ’buy’ rating and lowering the price target to ₹1,595. The firm anticipates a 24% growth in FY26 EBITDA, supported by refining margin recovery and retail growth.
3 min read10 Jan 2025Reliance shares underperformance in 2024 presents a buying opportunity, with brokerages Bernstein and Jefferies forecasting strong recovery driven by Telecom, Retail, and O2C segments. Analysts project significant growth potential, with Jefferies estimating a 36% upside from current levels.
3 min read8 Jan 2025Reliance Industries experienced a 5% YoY drop in Q2FY25 net profit to ₹16,563 crore, largely from its O2C segment. Yet, digital services and upstream business growth signal resilience, leading brokerages to uphold positive ratings and price targets amid ongoing challenges.
4 min read15 Oct 2024Q2 Results today: Some of the most prominent names, including Reliance Industries, HCL Technologies, Angel One, Sterling and Wilson Renewable Energy, and Alok Industries, are expected to release their Q2 earnings on October 14.
1 min read14 Oct 2024In just another five years, Mukesh Ambani expects the new energy business on level with its established oil-to-chemicals business. Jio, retail businesses will also contribute significantly to the group’s growth.
6 min read30 Aug 2024In FY24, Reliance Retail’s gross revenue rose nearly 18% to more than ₹3.06 trillion, from ₹2.60 trillion a year earlier. Net revenue increased 18.25% to ₹2.73 trillion. In all, Reliance Retail added 1,840 stores last fiscal year, taking the total to 18,836 outlets.
3 min read17 Jan 2025The company’s Board of Directors will meet on September 5, 2024, to consider issuing bonus shares in a 1:1 ratio to equity shareholders.
1 min read29 Aug 2024RIL AGM today: Reliance Industries is set to have its annual general body meeting later today. You can watch the announcements by Chairperson Mukesh Ambani online. Here’s how…
1 min read29 Aug 2024RIL AGM 2024: Reliance Industries Limited (RIL) has announced that its 47th Annual General Meeting (AGM) will be held virtually on August 29, 2024
1 min read24 Aug 2024The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared
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