Reliance share price gains ahead of Q3 results today. Buy or sell?
Reliance Industries share price gained on Thursday ahead of the announcement of its earnings for the third quarter of FY25. Reliance share price rose nearly 1% to ₹1,264.30 apiece on the BSE.
Reliance Industries Q3 results are set to be out today, January 16. The billionaire Mukesh Ambani-led oil-to-telecom-to-retail conglomerate is estimated to report a mixed set of numbers in Q3FY25.
RIL is estimated to post strong earnings growth in the telecom business Jio, improvement in refining margins, and a modest growth in the retail business.
However, RIL’s core oil-to-chemical (O2C) segment is estimated to post muted earnings in the quarter ended December 2024. RIL’s O2C EBITDA is expected to grow 2% QoQ due to a recovery in refining…
