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Morgan Stanley is bullish on RIL following earnings beat due to robust performance in gas production. The report highlighted RIL’s completion of the 5G rollout as a notable factor. ....
RIL s profit after tax stood at Rs 19,641 crore, surpassing D-Street expectations. Brokerages have mixed views, with Citigroup downgrading RIL but raising the target price. Sharekhan maintains a Buy rating, emphasizing strong long-term prospects. Emkay Global maintains its earnings outlook and raises the SOTP-based target price. ....
Nifty heavyweights like Reliance, HUL, and Ultratech will share their December quarter numbers today and these can influence the market direction, analysts say ....
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.