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 has recently experienced a notable upward surge. However, a recent breakdown, coupled with substantial trading volumes, underscores the presence of robust resistance levels at higher prices.
In the December quarter, RILs consolidated EBITDA is expected to decline by 2% on-quarter to Rs 39,997 crore due to weak refining & petchem margins which would offset decent performance from retail and Jio.