{"id":382292,"date":"2020-11-04T11:19:54","date_gmt":"2020-11-04T05:49:54","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=382292"},"modified":"2020-11-04T12:56:06","modified_gmt":"2020-11-04T07:26:06","slug":"ril-shares-end-lower-for-2nd-straight-day-off-20-from-all-time-high-should-you-buy-ril-stock-amid-sell-off","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ril-shares-end-lower-for-2nd-straight-day-off-20-from-all-time-high-should-you-buy-ril-stock-amid-sell-off\/","title":{"rendered":"RIL shares end lower for 2nd straight day, off 20% from all-time high; should you buy RIL stock amid sell-off?"},"content":{"rendered":"<p>Reliance Industries Ltd shares ended lower for the second straight day on Tuesday, after falling about 9% yesterday and closing at a three-month low. The stock opened at Rs 1,888; made a low of Rs 1,843.40; and a high of Rs 1,898.20 apiece, so far in the day, swinging between 1.12-2 per cent gain and loss. Analysts at Macquarie believe that RIL\u2019s FY22 EPS will grow 20 per cent to Rs 73 per share. Macquarie\u2019s estimate is 23 per cent below consensus, explained by its view of a slower recovery in Reliance\u2019s refining and chemical margins, slower pace of ARPU hikes, lower retail margins as JioMart scales up, high competition in retail, higher working capital for retail, higher capex for Jio and retail, and higher minority interests. The brokerage firm has an \u2018underperform\u2019 rating to the stock.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reliance Industries Ltd shares ended lower for the second straight day on Tuesday, after falling about 9% yesterday and closing at a three-month low. The stock opened at Rs 1,888; made a low of Rs 1,843.40; and a high of Rs 1,898.20 apiece, so far in the day, swinging between 1.12-2 per cent gain and loss. Analysts at Macquarie believe that RIL\u2019s FY22 EPS will grow 20 per cent to Rs 73 per share. Macquarie\u2019s estimate is 23 per cent below consensus, explained by its view of a slower recovery in Reliance\u2019s refining and chemical margins, slower pace of ARPU [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,195,138],"tags":[],"class_list":["post-382292","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/382292","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=382292"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/382292\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=382292"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=382292"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=382292"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}