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Buy Britannia
Industries, target Rs 3,300: Manas Jaiswal
Reliance earnings on Thursday; all eyes on telecom and retail revenues.
Reliance
Industries: (NSE1.18%) will report its
December quarter results on Thursday. Analysts see a flattish profit and some
pressure on refining margins on a sequential basis. Telecom and retail segments
may show strong results.
Petchem margin, update on
Jio business and capex-related plans will be the key monitorables, they said.
Brokerage Edelweiss Securities expects the oil-to-telecom major to
report a 3 per cent sequential drop in consolidated Ebitda, but sees PAT to
rise 2 per cent due to higher other income and lower interest costs.
·
Telecom and retail segments may show strong results.
·
Petchem margin, update on Jio business and capex-related plans will be
the key monitorables.
·
PAT may rise 2 per cent due to higher other income and lower interest
costs.
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