 "Reliance unlikely to let $1.5 bn penalty hit shareholders")
Mukesh Ambani-led Reliance Industries Ltd (RIL) will report numbers of its October-December 2016 financial quarter on Monday. The oil to telecom conglomerate has been in news for various developments in the last three months. Here is a list of factors that will guide the numbers.
1. Telecom
For most analysts tracking RIL’s stock performance, guidance for its telecom business would be key. RIL, which has heavily invested in RelJio, in December announced to extend free Jio services upto March this year. Guidance on what course the telecom venture will take post March would be sought for.
2. Gross Refining Margins
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