Analysts Identify Five Key Drivers for Reliance's FY28 Outlook
Analysts said Reliance Industries' FY28 earnings will depend on five growth drivers—sustained oil-to-chemicals profitability, a retail turnaround, Jio's pricing power, new-energy earnings and expansion of consumer and media businesses—according to The Economic Times. The company’s shares surged 11-12% after reporting a 41% year-on-year rise in net profit for the July-September quarter, lifting Mukesh Ambani's net worth by $8. 5 billion, as reported by The Economic Times.
Earlier in the year the stock had slipped about 26% while investors awaited September-quarter results, also noted by The Economic Times. Reliance's exposure in the NSE's Margin Trading Facility rose 60% to ₹4,711 crore, overtaking HDFC Bank and fueling the rally, according to Livemint.
