Key Points
Mukesh Ambani, Chairman of Reliance Industries, waves on the red carpet during the second day of the opening of Nita Mukesh Ambani Cultural Centre (NMACC) at Jio World Centre, in Mumbai, India, April 1, 2023..
BENGALURU, Oct 30 (Reuters) - Shares of India's most valuable company Reliance Industries (RELI.NS) rose as much as 2% on Monday after it reported a bigger second-quarter profit late on Friday...
The billionaire Mukesh Ambani-led company's consolidated profit rose 27.4% to 173.94 billion rupees ($2.09 billion) in the three months to Sept. 30 from a year earlier...
Others said they expected a boost to its retail and telecoms business in the current quarter as well.. "Though the retail business will benefit from a festive quarter and the energy business will benefit from the completion of MJ field ramp-up, we expect steady growth in digital services and a modest pullback in O2C with planned maintenance," BOB Capital Markets said.. Jefferies and BOB Capital both have a "buy" rating on Reliance's stock, with "buy" also being the average rating of 32 analysts..
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