Strong showing by Reliance Industries: Why analysts are bullish on its long-term prospects

Synopsis

Reliance industries’ ability to capitalise on non-mobile streams like enterprise and new commerce has improved its growth prospects. Its foray into new energy business, growth in E&P segments are the other factors that have made the company a favourite of analysts.

Reliance Industries has maintained a strong position in all its business including refining and petrochemicals, telecom and digital, retail and E&P. Analysts remain bullish on the company as its various segments are expected to deliver robust growth. Its refining or O2C segment will gain from strong refining margins, expected to touch record levels in 2022-23. A Bernstein report expects Singapore Complex margins to rise to $25.5/barrel in

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