RIL Q3: Net debt was up 1 per cent sequentially to Rs 1.19 lakh crore, due to pay-down of creditors for capex. RIL, said Emkay, stated that its new energy giga complex would be commissioned in phases, starting H2CY24.
RIL target price: Centrum Broking said Reliance Industries’ Q3FY24 operating performance was marginally muted sequentially impacted by subdued performance by O2C segment, which was made up by good performance by other segments
Reliance Industries: Jefferies said the demerger and listing process can take six months and that the build-up of franchise may be staggered, as recovery platforms may need to be built in house.