HDFC Securities: Reliance Industries Posts In-Line Q2 Performance
Labourers sit outside a Reliance Industries construction site at the Bandra Kurla Complex in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

HDFC Securities: Reliance Industries Posts In-Line Q2 Performance

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

HDFC Securities Report

Reliance Industries Ltd.’s Q2 FY21 highlights -

1. Induction of Facebook, Google, Intel and Qualcomm as partners in Jio Platform, which should enable the company to accelerate the growth of digital connectivity and create value in the digital ecosystem through technology offerings,

2. Recovery in refining and petrochemical businesses in FY22E,

3. The emergence of a clear path to a stronger balance sheet, and

4. Stake sale in the retail business.

Click on the attachment to read the full report:

HDFC Securities Reliance Industries Q2FY21 Results Review.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.