Value Investing

While BPCL, HPCL, and IOCL have core strengths in the oil and gas sector, their performance is more susceptible to sector-specific risks. In contrast, RIL’s diversified operations provide it with a more balanced growth outlook, making it a unique player among the four. Investors should consider these companies’ distinct business models, financial health, and strategic directions when comparing their stocks.

Before Market Opens

Today, Reliance Industries Limited (RIL) witnessed a significant surge in its stock price, reaching a 52-week high of ₹2,826 and trading at ₹2,848.80 at one point, a rise of over 5%. This boost is attributed to its robust quarterly performance, where it reported a profit after tax of ₹19,641 crore for Q3 FY24, surpassing market expectations. The company’s market capitalization crossed ₹19.5 lakh crore, making it the most valued company in India and the 44th globally.

Reliance Industries Hits New Highs: Becomes India’s Most Valued Company with Share Price Surge

Before Market Opens

Reliance Industries Ltd reported its Q3 2024 results with an 11% year-on-year increase in net profit, reaching ₹19,641 crore. The gross revenue grew by 3.2% to ₹2,48,160 crore. The EBITDA rose by 16.7% with significant growth in various segments like Reliance Retail and Jio Platforms. The share price of Reliance Industries, as of the latest update, was ₹2,734.90, marking a slight decrease of 0.04% from the previous close.

Reliance Industries Q3 2024 Results and Share Price Update