Business Standard

Coronavirus impact: RIL's stock pricing in a worst-case scenario

Higher telecom earnings can help amid fears of weak refining & petrochemical margins

RIL Chairman Mukesh Ambani

RIL Chairman Mukesh Ambani

Ujjval Jauhari
Not long ago, Reliance Industries (RIL) was the most fancied stock among investors. It was the first Indian company to touch a market value of Rs 10 trillion on November 28, 2019. But a chain of recent events, many of which impacted the broader markets as well, led to a sharp correction of 40 per cent in the stock from February highs.

Concerns on margins in its refining and petrochemical businesses, the potential impact of Covid-19 on retail sales, and a possible delay/call-off of its deal with Saudi Aramco and hence debt reduction are the key reasons for the fall. Analysts

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First Published: Mar 30 2020 | 1:52 AM IST

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