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Reputation: 642,713  •  Jul 5, 2023 4:36 PM
RJio’s “Bharat” connect a good move, but not good enough to woo RIL investors
RJio’s “Bharat” connect a good move, but not good enough to woo RIL investors
The underperformance in the stock was because the Street saw limited earnings upgrade triggers and lower visibility on event-based triggers such as listing of Jio and/or Reliance Retail, besides concerns over high capex and resultant rising net debt.The initial euphoria around RILs foray into the financial services business also faded given the lack of visibility on the business roadmap ahead
The Economic Times

https://economictimes.indiatimes.com/markets/stocks/news/...
#IDEA #RELIANCE #BHARTIARTL

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NSE:IDEA price when posted: 7.4
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