The third quarter of the companies has started coming. In this episode, the country’s largest company Reliance Industry will present the results of the third quarter today. Market experts believe that the third quarter results of the company can be excellent. Prior to the results, the stock of Reliance Industry is seen growing. Earlier on Thursday, the company’s stock had run more than 3 percent.
The company’s stock was at a 3-month high on Thursday. Reliance investors also benefited from the market boom. According to market experts, the profit of Reliance Industries in the third quarter may increase by 32 per cent on a quarterly basis and may increase from Rs 9567 crore to Rs 12600 crore.
Why can we stay fast
Market experts believe that during this quarter, income from the company’s retail business may also increase. At the same time, the company has seen improvement in the business from oil to chemical. Talking about retail, the company can show growth of 32 percent here.
They will also benefit
Apart from retail, oil and chemical businesses, Reliance can also benefit from the rollout of Jio Mart and online retail. In fact, online has increased during lockdown, which has been enjoyed by Jio. At the same time, the consumption of the company has increased in urban areas also, the effect of this can be seen on the quarterly results of Reliance Industry.
SEBI approves deal
Before the results of Reliance, the deal of Reliance and Future Group with SEBI was also approved yesterday. At the same time, Competition Commission of India has already approved the acquisition of the retail, wholesale, logistics and warehousing business of Future Group by Reliance. It is believed that its benefits can also be seen on the retail business of Reliance. The deal was announced in August last year. BSE has also said that SEBI’s permission on this deal of Future-Reliance Group will depend on the outcome of the cases pending in the court.