Synopsis : RIL's share price holds steady ahead of Q4 2024 results. Experts anticipate strong earnings, especially in the oil-to-chemicals segment, despite an expected dip in net profit. Operational improvements and positive contributions from telecom and retail sectors are forecasted. Investors await the April 22 announcement, including a potential dividend declaration.
Reliance Industries Share Price Update: RIL shares are trading flat ahead of the Q4 2024 results announcement. Today, RIL opened with an upside gap at INR2,644.90 apiece on NSE, touching an intraday high of INR2,949.70 per share. However, profit-booking triggered a dip, with the stock hitting an intraday low of INR2,935.60 per share. Currently, Reliance shares are trading at INR2,946 apiece on NSE.
Market experts anticipate robust Q4 results from RIL, expecting a sharp jump in earnings, particularly in the oil-to-chemicals segment. Amit Goel, Co-Founder and Chief Global Strategist at Pace 360, predicts an increase in revenue and EBITDA for the quarter. However, there is a forecasted drop in net profit for Q4FY24 due to increased depreciation and a high tax rate.
Shreyansh Shah, Research Analyst at StoxBox, suggests that operational performance may improve, especially in the O2C segment. RIL's telecom and retail businesses are also expected to contribute positively to its performance in Q4FY24.
Sumeet Bagadia, Executive Director at Choice Broking, advises maintaining a stop loss and suggests buying RIL shares for near-term targets. Expectations are high as Reliance Industries is set to declare its Q4 2024 results on April 22, with the board also considering a dividend declaration in a meeting scheduled for the same day.
Market experts anticipate robust Q4 results from RIL, expecting a sharp jump in earnings, particularly in the oil-to-chemicals segment. Amit Goel, Co-Founder and Chief Global Strategist at Pace 360, predicts an increase in revenue and EBITDA for the quarter. However, there is a forecasted drop in net profit for Q4FY24 due to increased depreciation and a high tax rate.
Shreyansh Shah, Research Analyst at StoxBox, suggests that operational performance may improve, especially in the O2C segment. RIL's telecom and retail businesses are also expected to contribute positively to its performance in Q4FY24.
Sumeet Bagadia, Executive Director at Choice Broking, advises maintaining a stop loss and suggests buying RIL shares for near-term targets. Reliance Industries has announced that it will declare its Q4 2024 results on April 22, along with considering a dividend declaration in a board meeting.
