RIL stock price factors in most positives, say brokerages

RIL reported an in-line 4QFY19 with EBITDA down 1% q-o-q to $11.8 billion

Reliance Industries (RIL) dipped nearly 2 per cent on Monday to Rs 1,345 levels on the NSE, after the company reported a 9.8 per cent jump in its net profit for the January – March 2018 quarter of the financial year 2018 – 19 (Q4CFY19) on Thursday. The gross refining margins (GRM), however, were a disappointment at $8.2 per barrel, compared to $11.1 per barrel y-o-y. The March 2019 quarter GRM is the lowest since the October-December 2014 period, which was at $7.3 per barrel.

Here’s how leading brokerages have interpreted the numbers:

JEFFERIES

Refining was expectedly weak with margins