 "Reliance, RIL,")
Reliance Industries’ consolidated performance for the March quarter (Q4) may be disappointing, but experts are bullish on the stock and believe shareholders should subscribe to its rights issue.
The challenges posed by demand disruption in core refining, petrochemicals and even retail businesses are likely to continue but the strong growth in Jio Platforms — comprising digital businesses — and deleveraging initiatives should create shareholder value in the long run, experts say.
In largest refining and marketing business, per barrel gross refining margin (GRM) at $8.9 was slightly lower than $9.2 seen in Q3, but washigher than $8.2 a year ago.
