RIL’s retail power draws wholesale money to its stock
Consumer-facing units make up half of operating profit, raising valuations and attracting investors.
Consumer-facing businesses now make up about half of RIL’s operating profit, surging from about a third a year ago. This explains the stock’s re-rating – and premium valuations for an energy giant in transformation.
ET Intelligence Group: Reliance Industries (RIL) is not only India’s most valuable company or the biggest by standard financial metrics, but it also has the largest weighting on the index and has led the stock market’s rebound since March. September just reinforced those leadership credentials.So, earnings growth projections at the telecoms-to-retail conglomerate will likely be raised after a quicker-than-expected sequential recovery across