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
RIL Q3 results: Nomura India said it sees O2C Ebitda of Rs 14,000 crore, down 14 per cent QoQ, underpinned by a decline in refining margins to $10 per barrel against $12 per barrel in Q2FY24 and the prevailing weakness in petchem.
RIL share price: The stock has been out of limelight for over two years, as it digested strong rally during 2020-21. It is now poised to conclude this consolidation and expected to lead Nifty in 2024.
For TCS, the average target of Rs 3,691 suggests a 10 per cent potential upside. HDFC Bank's average target price of Rs 1,951 hints at 32 per cent upside potential.
According to a Moneycontrol survey of 10 brokerages, RIL’s consolidated net sales are expected to come in at Rs 2.31 lakh crore in Q2 FY24, up 0.5 percent year-on-year, and 11 percent quarter-on-quarter.