Reliance Q3 Result: Shares rise before the results, know what are the expectations
Reliance Industries shares gained 1% ahead of Q3FY25 results. Jio’s growth and refining margins are strong, but challenges remain in the retail and O2C segments. Technical signals are pointing towards trend reversal of the stock.
Reliance shares surge
On Thursday, shares of Reliance Industries witnessed a rise ahead of its Q3 FY25 results. The stock rose nearly 1% to Rs 1,264.30 per share on BSE.
What are the expectations from Reliance’s Q3FY25 results? RIL’s Q3FY25 results will be announced today, January 16.
Experts expect mixed results in this quarter. Jio (Telecom Business): Strong earnings potential. Refining margins: Recovery could lead to EBITDA growth of 2% QoQ. Retail Business: Expected modest growth. O2C segment: There may be weak performance.Prathamesh Masdekar, Research Analyst at Stoxbox, said,
“Strong growth in telecom, improvement in refining margins and modest growth in retail could lead to sequential growth of 6% in EBITDA.
This will be mainly driven by higher refining margins and increased ARPU in digital services. Will be inspired.”He also said that
performance may remain stagnant on an annual basis due to weakness in the energy sector and slow growth in retail. According to Masdekar, “Growing store footprint, operating leverage at Reliance Retail, new customers at Jio and petrochemical prices will
help Reliance Industries perform well in Q3FY25.”Q3 Should Reliance shares be bought before the results?
Reliance shares have fallen 20% in the last 6 months and 8% in a year.
According to Milan Vaishnav, Founder, Gemstone Equity Research & Advisory Services, “Reliance shares are forming a base at ₹1,200-₹1,230 levels.
Bullish divergence has been seen in the RSI (Relative Strength Index), indicating a trend reversal. “He advised existing investors to hold on to the shares,
while gave a medium-term target of ₹1,340 for new investors. current situation Disclaimer: The views and suggestions are those of individual experts or broking firms. Consult certified experts before investing.
