A steady fourth quarter (Q4), a favourable outlook for Reliance Industries’ (RIL’s) key businesses, and growth triggers in the New Energy vertical are expected to keep the stock momentum and valuations of India’s most valuable company at elevated levels. The stock has outperformed the benchmark Sensex by a staggering 29%, compared to its 4 % returns in August last year.
The reason for optimism is the expectation that earnings growth will be strong. Probal Sen of ICICI Securities and Sanjesh Jain, from ICICI Securities, expect the company’s annual…
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First published Sun, May 08, 2022. 23:21 IST
