• Times Now | 24-Jan-2021 00:15

    Strong show by RIL in Q3

    Reliance industries came out and declared a strong set of Q3 numbers at a time when the street was expecting a good result from oil to technology conglomerate. The consumer end of the business digital and retail declared topline and margins better than what the street was expecting. The company made changes to how they share numbers of their legacy refining and petchem business and clubbed the numbers, but even those businesses did better than what the street was estimating. There was an overall correction in the market today due to which the stock of RIL fell otherwise the stock had been gaining for four straight days in anticipation of a good result, so it would be interesting to see how the street reacts to the numbers when we open for trade on Monday. Chairman of the company Mukesh Ambani said Commenting on the results, “At a time when the Indian economy is poised for a confident recovery, we at Reliance are humbled that we have been able to contribute to it with our Company’

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