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Options Trade | A non-directional options strategy in Reliance Industries

An Iron Condor strategy in Reliance Industries

May 31, 2022 / 07:14 AM IST
Options Trade | A non-directional options strategy in Reliance Industries

Reliance Industries: CMP: Rs 2,508 | The stock fell over 4 percent on May 9. RIL on May 6 reported 22.5 percent year-on-year growth in its consolidated net profit to Rs 16,203 crore, which was below expectations of Rs 17,167 crore. The oil-to-telecom conglomerate's consolidated revenue from operations surged 36.8 percent year-on-year to Rs 2.1 lakh crore in line with Street's estimate. The company's board also recommended a dividend of Rs 8 per share for the financial year ended March. Goldman Sachs has kept a buy rating on Reliance Industries with a target of Rs 3,200 per share as it sees company as a unique energy transition story. Disclaimer: Moneycontrol is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

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