Reliance Industries will announce the results of the second quarter today, this is the expectation of the market
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Reliance Industries Result: Reliance Industries, the company of the world’s richest industrialist Mukesh Ambani, will announce the results of its second quarter (2nd Quarter Result) today. It is believed that the quarterly results of Reliance Industries for the month of July to September are going to be very good. Digital and retail business will add to the results of Reliance.
According to experts, the share of retail business in Reliance’s revenue is about 32.4 percent, while the share of revenue in digital business is 18.5 percent. Double digit growth will be seen in both the segments. Brokerage house Motilal Oswal has said in its Earning Report that retail and digital business is going to show great performance. At the same time, the company’s core business of oil and gas will also perform better. Motilal Oswal has also advised to buy the shares of Reliance. According to Yes Securities, Reliance will show better results compared to the previous quarter. If profits are expected to increase on the retail business, refinery margins can also see improvement.
hope for better results
At the same time, the stock market is also in anticipation of the excellent results of Reliance. In this expectation, there has been a tremendous rise in the stock of Reliance in recent days. Reliance’s stock has jumped 24 percent since the month of July. On October 19, Reliance’s stock made a record high of Rs 2750. Then the market capitalization of the company had reached Rs 18.3 lakh crore. Before the results, today Reliance Industries is trading at Rs 2643.35 per share with a gain of one percent.
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