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.
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
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
