Reliance Industries Set to Announce Record Date for Groundbreaking Bonus Shares Amid Market Fluctuations
cHowever, the stock's recent trajectory has been mixed. Despite a year-to-date increase of 6%, RIL shares have declined nearly 7% in the last month, diverging from the broader market, which saw the BSE Sensex rise by 12.60% during the same period. As the record date approaches, investors are hopeful that the upcoming results will shed light on the company's future.
Analysts from Systematix Institutional Equities predict challenges for RIL's core Oil-to-Chemicals (O2C) business due to weak refining and petrochemical markets, forecasting a 25.9% year-on-year reduction in O2C EBITDA. However, they expect a silver lining with a 16.9% growth in the digital platform business, fueled by recent tariff hikes.
In contrast, Nuvama's estimates suggest a 6% drop in consolidated EBITDA, primarily driven by O2C weaknesses but buoyed by strong performances in consumer businesses and Jio's growth in average revenue per user (ARPU). With a new target price of ₹3,660, analysts are bracing for a transformative phase in RIL's journey as it navigates market complexities.
As Reliance prepares to make significant announcements, stakeholders eagerly await insights into the future direction of this corporate giant. Will the bonus shares rekindle investor confidence and set the stage for another remarkable chapter in RIL's storied history?
