Q1 Shares of Reliance Industries fell before the results, is it wise to buy?

RIL Q1 Results: Reliance Industries will present the results of the first quarter of this financial year today. RIL informed about this in its latest exchange filing. Reliance shares are under pressure ahead of the results. Around 2:45 pm, Reliance was trading at Rs 3128.25, down 1.33% on BSE.

According to stock market experts, Reliance may give mixed figures in the first quarter of the current financial year. Prathamesh Masdekar, Research Analyst at Stock Box, said, “Reliance Industries Limited may see growth in its annual revenues. Nevertheless, there may be a sequential decline in operating profit and margins due to lower refining margins and weakness in retail business. The company’s operating performance is expected to remain weak.”

Abhishek Jain, head of research, Arihant Capital, expects strong performance from RIL’s B2C retail segment, especially Jio. “We are looking at a consolidated EBITDA of around Rs 39,900 crore,” he told Live Mint. Nuvama Institutional Equities estimates Reliance Industries’ revenue to grow 10% year-on-year, but profit is expected to be flat.

Reliance shares will remain strong

“Reliance shares will remain strong and as long as it is trading above Rs 3,100, the idea of ​​a buy-on-dips stock will remain,” said Sumeet Bagadia, executive director, Choice Broking. Therefore, those who want to add RIL shares to their portfolio can buy the shares at the current market price of Rs 3250 for short term while maintaining the stop loss of Rs 3100. Those who have this stock can keep it at Rs 3100 per share.

,Disclaimer: The recommendations, suggestions, views and opinions of the experts are their own and not those of Live Hindustan. Here only information about the performance of the share is given, it is not an investment advice. Investing in the stock market is subject to risks and please consult your advisor before investing.)