RIL Q3 Result: Report card of Mukesh Ambani’s children will come today, know what is indicating the share of Reliance
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Mukesh Ambani has already divided his business among his three children. Elder son Akash Ambani has been given the command of the telecom business while the retail business has been entrusted to daughter Isha Ambani. Younger son Anant Ambani has been given the oil refining and petrochemicals business. Today it will be known that how has been the performance of which of these businesses. The company’s O2C business is likely to benefit from higher gross refining margins and higher gas prices and reduction in windfall gains tax.
what is the stock indicating
Nuvama Institutional Equities estimates that Reliance’s oil and gas operating profit could grow by 62 per cent and four per cent over the previous quarter. Reliance Jio’s performance is also expected to improve. According to BofA Securities, the number of subscribers of the company may increase by 5 million in the third quarter. In the second quarter, the company had added 7 million subscribers. Morgan Stanley estimates that this number could remain the same in the second quarter. It is believed that the average revenue of the company has increased by one per cent during this period.
Anant Radhika Engagement: Celebration at Mukesh Ambani’s house, Anant and Radhika got engaged amid traditional rituals
Analysts say Reliance’s retail business could show double digit growth in revenue and operating profit in the third quarter. The company has increased its presence in this business. The number of its stores has increased and footfall has improved. The company has recently entered the FMCG sector as well. The company has recently acquired several smaller companies including Lotus Chocolate. If you look at the performance of the company’s stock before its last 19 quarterly results, nine times it has declined by one to two per cent. Even today its decline is visible. At three o’clock it was trading at Rs 2,443.60, down 1.11 per cent. Reliance’s results will come after the market closes.
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