Should you buy Reliance shares after Q4 results? Check target price, key details
Reliance Industries Ltd (RIL) shares climbed over 4% to an intraday high of Rs 1,355 on Monday, after the company posted stronger-than-expected earnings for the March quarter.
The company’s shares were trading 4.18% higher at Rs 1,354.35 on the Bombay Stock Exchange (BSE) at around 10:40 am. It may be noted that Reliance’s share price has rallied 10% this year.
The Mukesh Ambani-led conglomerate reported a 2% rise in consolidated net profit to Rs 19,407 crore, beating analysts’ expectations of around Rs 18,471 crore. Revenue from operations for the quarter grew 10% year-on-year to Rs 2.64 lakh crore.
Sequentially, net profit rose 5% from the December quarter, while revenue was up 8%. EBITDA for the quarter stood at Rs 48,737 crore, up 4%…
