HDFC Securities: Reliance Industries Posts In-Line Q2 Performance
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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.
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