{"id":413301,"date":"2021-05-04T08:41:51","date_gmt":"2021-05-04T03:11:51","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=413301"},"modified":"2021-05-04T09:04:53","modified_gmt":"2021-05-04T03:34:53","slug":"most-brokerages-bullish-on-ril-despite-q4-miss-heres-why","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/most-brokerages-bullish-on-ril-despite-q4-miss-heres-why\/","title":{"rendered":"Most brokerages bullish on RIL despite Q4 miss; here&#8217;s why"},"content":{"rendered":"<p>Shares of Reliance Industries (RIL) dipped 2.5 per cent in Monday&#8217;s session as the oil-to-telecom conglomerate missed Street&#8217;s estimates when it posted its March quarter results on Friday, leading to selling in the stock. <\/p>\n<p>While Mukesh Ambani-led RIL posted a 108 per cent year-on-year (YoY) rise in profit after tax for the fourth quarter of FY21 at Rs 13,227 crore, it fell short of Bloomberg estimates of Rs 13,704 crore. <\/p>\n<p>The oil-to-telecom conglomerate&#8217;s revenue from operations rose 11 per cent YoY to Rs 1.54 trillion during the quarter as compared to Rs 1.39 trillion in the year-ago period. Bloomberg analysts had pegged revenue expectations for Q4 at Rs 1.39 trillion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Reliance Industries (RIL) dipped 2.5 per cent in Monday&#8217;s session as the oil-to-telecom conglomerate missed Street&#8217;s estimates when it posted its March quarter results on Friday, leading to selling in the stock. While Mukesh Ambani-led RIL posted a 108 per cent year-on-year (YoY) rise in profit after tax for the fourth quarter of FY21 at Rs 13,227 crore, it fell short of Bloomberg estimates of Rs 13,704 crore. The oil-to-telecom conglomerate&#8217;s revenue from operations rose 11 per cent YoY to Rs 1.54 trillion during the quarter as compared to Rs 1.39 trillion in the year-ago period. Bloomberg analysts [&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":[135,130,169],"tags":[],"class_list":["post-413301","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/413301","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=413301"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/413301\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=413301"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=413301"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=413301"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}