![RIL 1st Indian company to hit ₹20-lakh cr m-cap](https://images.assettype.com/fortuneindia%2F2022-02%2F2b1b6fa9-e35d-4557-8a52-0041b71cd119%2FReliance_retial_1237669024_copy.jpg?rect=0,197,2160,1080&w=300&q=95)
RIL 1st Indian company to hit ₹20-lakh cr m-cap
Deal reports with Disney, good Q3 results, and analysts' upgrades trigger 14% rally in RIL stock in 2024 so far
Deal reports with Disney, good Q3 results, and analysts' upgrades trigger 14% rally in RIL stock in 2024 so far
RIL retains its top place among BSE’s best 100 firms; shares surge on development of a possible mega-deal
Most of the brokerages have recommended “Buy” rating on RIL shares post Q3, projecting the stock to rise up to 31% from the current market price.
Net debt rose to ₹110,248 crore from ₹3,862 crore in the last one year due to the rising capital expenditure.
The consolidated revenue from operations rose 13.3% YoY to ₹220,592 crore, driven by continuing growth in consumer businesses and higher gas realisation.
India's most valuable company by market capitalisation clocked a 52.2% increase in revenue to ₹2,09,823 crore in the quarter ended December.