At 3 pm IST, the company's shares were trading 1.11% or ₹13.85 higher on the Bombay Stock Exchange (BSE), reaching ₹1,266.15.
The stock market in general mostly was in the green as well. The benchmark BSE Sensex was up by 297.72 points or 0.39%, reaching 77,021.80, while the broader NSE Nifty was 96.40 points or 0.42% up, reaching 23,309.60.
The telecom business Jio is expected to drive strong earnings, while the retail as well as the core oil business should show a more modest growth, according to a Mint report.
The oil-to-chemical segment specifically may show an improved EBITDA (Earnings before interest, taxes, depreciation, and amortisation) due to a recovery in refining margins, the report read.
“Reliance Industries is expected to post mixed performance led by strong telecom earnings growth, improvements in refining margins, and moderate retail growth," the report quoted Prathamesh Masdekar, Research Analyst at Stoxbox as saying. “The company's EBITDA is expected to see a sequential 6% improvement, mainly driven by earnings from more substantial refining margins and higher ARPU in digital services.”
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Home/Business/Reliance shares in the green ahead of Q3 results today: What to expect
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