Healthy performance likely from the company.
Following two sluggish quarters, the company's performance improved in the current quarter.
Recommendation: Buy; Target Price: Rs 250
Reliance Industries will select a renewable energy supplier via tariff-based competitive bidding.
Petrol and Diesel prices in cities across India on 01-08-2023
The company plans to expand its RE portfolio (solar, wind, PSHP, C&I, etc.) to 60GW by FY32 (3GW installed till date), and targets a similar return profile like its thermal units for these RE projects.
Weakness in VECV business could pull down sequential performance of the company.
The JioBook is priced at Rs 16,499 and will be available from August 5, 2023
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