Reliance Industries Limited (RIL) , the country's largest market cap company, is back on the growth track after six months of challenges. The company has given better-than-expected results in the December quarter. Stock brokerage companies have said this. The group, which operates in the crude oil to telecom and retail sectors, has recorded a record pre-tax income (EBITDA) of Rs 43,800 crore in the October-December quarter. These figures show that the group has performed strongly in various business sectors. Mainly the company has performed well in the oil-to-chemical (O2C) sector. Apart from this, the company's consumer retail business has also improved. Morgan Stanley said in a note, Reliance is back on the growth track after six months of challenges. Its effect may be visible on the company's stock in the coming days. The stock was declining for the last several months. The stock had fallen by about 25 percent but now it is expected to pick up pace once again. This stock is best for those investors who want to take less risk by investing in the market. This stock is low beta. Therefore, there is no big fluctuation in it. 

The group is preparing to expand in these sectors

The company wants to expand its chemicals capacity focused on the domestic market with investments in the vinyl/polyester chain and ethane import logistics. Morgan Stanley said demand for chemicals in India remains strong, growing at a rate of five to 16 per cent annually. HSBC Global Research said it sees several catalysts to drive the group's business in 2025. This includes changes in the retail sector, the start of new energy and new momentum in the digital business. It said that we believe the third quarter result has been in line with expectations. This is the last of the results that are slightly lower than expected in the near term. Now we believe that changes in the retail sector, the start of new energy business and the pace of digital business will prove to be catalysts for the group.

The company's ARPU will increase

 HSBC believes that the company will complete the optimization of its portfolio and products for the retail sector and return to the path of growth. Through its hyperlocal model, the company will move forward in the business of quick supply of groceries. Talking about the new energy business, Reliance is expected to start module production and cell business. Along with this, the company will commission five to 10 gigawatts of solar capacity for its own use, increase the production of sodium ion cells and announce hydrogen manufacturing. HSBC said that on the digital front, the company's average earnings per customer (ARPU) will increase due to the increase in the reach of air fiber based broadband. The full effect of the fee hike will be visible by June 2025. 

These three factors will drive growth 

Nomura said that in the near term, Reliance will move forward through three things. This includes the new energy business starting in March 2025, tariff hike for Jio and Jio's possible initial public offering (IPO) and its listing. Nuvama Institutional Equities said that after petrochemical expansion, Reliance will be among the top 10 producers in the world. According to Bernstein, the good performance of Jio, retail and exploration and production sector has contributed to the better results of Reliance Group in the third quarter.