Delhi workers spend nearly 3 times more than Bihar workers on commuting: Survey
Reliance Industries is in focus.
· Business Today Mkts
Two-wheelers account for more than half of urban work trips in India, while buses and rail-based transport make up a much smaller share. The survey data highlights how Indians travel to work and the continued reliance on private vehicles for daily commuting.
The analysis
Against that, the stock is +0.5% on the day at ₹1,190.00, and has returned -8.1% over three months. It sits 25% below its 52-week high, which means a good deal of bad news was already in the price. The oil & energy sector has moved -5.7% over the same period, so Reliance Industries is running 2.4 points behind its peers.
For Reliance Industries, the question is how much of this is already reflected in the price and how much re-rates the oil & energy peer set alongside it.
Market context
- The company directly in focus is RELIANCE.
- Sector exposure: Oil & Energy, Transport & Logistics.
In this story
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