Economic TimesLean R·
Reliance shares are down 17% despite soaring refining margins. What the market is missing
Despite strong refining and petrochemical margins, Reliance shares have experienced a dip as the market focuses on long-term growth potential. Investors are keenly anticipating signs of recovery in Reliance Retail and progress in New Energy initiatives. A significant concern remains the company's capability to generate free cash flow, with analysts indicating that the stock's valuation is closely tied to its future business performance.
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