Fundamental Radar: 4 factors why RIL is a strong buy at current levels https://ift.tt/dBJTCpF refining margins remain strong for this oil & gas major due to the EU sanctions on Russian oil products from February 23. The company has recorded strong profitability from the gas segment due to higher volume, and retail profitability is also improving, suggest experts.
Government's cash surplus tops Rs 3.4 lakh crore https://ift.tt/54P3HSG from the deceleration in government spending, higher direct tax collections and a likely sharp rise in issuances of Treasury Bills by the Centre in FY24 were factors pushing up the government's cash balances, analysts said. The flow of government cash balances to and from the banking system is a key factor that influences liquidity conditions.
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