Reliance industries hits record high
Jio earnings and strong refining margins in q2 ended September, Majority of analysts remained positive on the stock, and expect telecom business to show profits in December quarter after turning EBITDA positive in September quarter.
Analysts are also positive on its refining and petrochemical businesses, especially after company's recent capex that is expected to aid these segments.
The consistent rally in the stock that rose 68 percent in 2017 increased investors' wealth by Rs 2.4 lakh crore during the year. The stock touched a record high of Rs 915.55, up 4.7 percent intraday.
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