By Debdeep Gupta | 23 Apr, 2024
RIL’s stellar Q4 performance delights street, spurs brokerages to raise target price
Reliance Industries Ltd surpassed market expectations in the fiscal fourth quarter, posting a net profit of Rs 21,243 crore, fueled by a rebound in its core oil-to-chemicals (O2C) business. Strong performances in the O2C, oil & gas, retail, and Jio segments also impressed analysts.Moreover, the reduction in RIL’s net debt resulting from capital raises and asset divestitures has boosted investors...
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