RIL shares rally 8% in 1 week. Is the sleeping giant waking up?
After underperforming Nifty in the last two years, shares of India’s most-valued company Reliance Industries (RIL) have rallied around 8% in the last one week ahead of the announcement of its December quarter earnings on Friday.
“Growth drivers like stronger growth in retail given store expansion, potential telecom tariff hike and relatively stable O2C business (along with likely recovery in petchem) will continue to drive RIL’s performance (stock price up 7% in CY24YTD versus 2% for Nifty50) in near-term,” said Abhijeet Bora of Sharekhan.
