Reliance Ind share up 2% as Kotak Institutional Equities upgrades to 'Buy'

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Reliance Ind share up 2% as Kotak Institutional Equities upgrades to 'Buy' - Business Standard

Quick Summary:

The subdued performance of the retail segment was a key factor behind the weak performance, but analysts expect the store-rationalisation cycle to conclude soon.

Despite the cut, the brokerage expects an earnings compound annual growth rate (CAGR) of around 11 per cent from FY2024 to FY2027E.

In a Bloomberg survey, 11 analysts had predicted consolidated revenue of Rs 2.33 trillion, while nine analysts anticipated an adjusted net income of Rs 18,326 crore for RIL in Q3FY25.