IRM Energy Limited IPO Message Board (Page 4)

Dear krishna T,
Reliance declared results, your view please🙏
Thanks

I agree with Krishna T

​@DHARMENDRA SHARMA 

1. Reliance gave good result, at high level:
Net profit of Rs 19,878 crore in the second quarter of financial year 2023-24, an increase of 29.7 percent from a year ago, despite a dip in revenue from its oil-to-chemicals business. Robust performance of its retail, Jio and upstream businesses drove profit growth.

2. Reliance's result is good but overall market is not due to war, panic between west/israel and middle and we are affected due to everything. 2nd, Dow Jones heavily down on Friday so some of their effect may come to our market. So we can hope Reliance's result eliminate Dow Jones's down flow on Monday. Whether it happens or not, RIL should increase on monday but if such -ve market won't have there then we would have expected more along with sustainability of RIL price.

I had predicated the same about reliance and related discussion about the strategy when some stocks doesn't give return over the long period along with LIC:
https://www.chittorgarh.com/ipo/ipo_discussions.asp?a=1547&c=669391&ap=0

These are my views and can be wrong, let's see!