Is Reliance Guiding For A 10% Profit Growth In FY21?

Reliance Industries Ltd., having reported its biggest drop in net profit in nine years, expects its bottom line to grow 10 percent in the ongoing financial year through March 2021.India’s biggest company by market value didn’t explicitly provide any guidance in its earnings statement. But it announced a fund-raise from existing shareholders. Hidden within those details is how the Mukesh Ambani-controlled oil-to-telecom conglomerate s...