Absence of immediate drivers puts Reliance Industries stock in back seat

While Q3 performance beat Street estimates, O2C is key to sustaining growth this year

Ram Prasad Sahu | Mumbai
Last Updated at January 23, 2023 06:10 IST

The analysts have a buy rating on the stock and believe that RIL’s new energy rollout could unleash its next leg of growth, besides aiding conventional business.

Although the October-December quarter (third quarter, or Q3) performance of Reliance Industries (RIL) came ahead of Street expectations and the stock has been an underperformer, sharp upsides are unlikely, given the lack of immediate triggers.

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