Retail, telecom rebound to boost near-term sentiment for RIL stock: Experts

The two segments account for half the consolidated operating profit, with retail being the key outperformer in Q2

The Reliance Industries (RIL) stock, which has been on a downtrend recently, is expected to rebound on the back of better-than-expected performance in the September quarter. The stock has been missing triggers after news on fund flows into its telecom and retail businesses, debt reduction, as well as the muted outlook for the legacy oil and chemical business.
 

In addition to the Q2 performance, the Street will keep an eye on the progress in the Future Group deal, any tariff hike in the telecom business, and a further stake sale in the oil and chemical business. Deepak Jassani, head of