Reliance Industries' Earnings Boost Case for Large-Cap Stocks, Adani Power Units See Room for Rally, and Gold Prices Expected to Hit $4,000/oz Next Year.

Reliance Industries' earnings beat may boost the appeal of large-cap stocks in India, following strong results from banking giants ICICI Bank and HDFC Bank. Adani power units have room to rally, according to Jefferies, while JPMorgan forecasts gold prices to hit $4,000/oz by Q2 next year. Nifty futures indicate a positive start, despite caution in Asian markets ahead of US trade talks.

Reliance Industries Limited (RIL) is set to declare its earnings for the fourth quarter of FY2025 on April 25, 2025 [1]. The company, led by Mukesh Ambani, is expected to report a decline in profit of 0.4% quarter-on-quarter to Rs 18,471 crore, with a marginal increase in revenue from operations to Rs 2,40,843 crore [1]. The board of directors will also consider recommending a dividend for the financial year ended March 31, 2025 [1].

The earnings report from RIL comes amidst a positive trend for large-cap stocks in India. ICICI Bank and HDFC Bank, both banking giants, have reported strong results, boosting investor confidence in the sector [2]. Additionally, Adani Power, a subsidiary of the Adani Group, is expected to declare its Q4 results on April 30, 2025 [2]. Jefferies has indicated that Adani Power units have room to rally, further highlighting the potential for growth in the energy sector.

Gold prices are also expected to rise significantly, with JP Morgan forecasting that gold could hit $4,000/oz by the second quarter of 2026 [3]. This prediction is driven by macroeconomic concerns and geopolitical instability, with strong demand from central banks and investors. The global investment bank expects gold prices to average $3,675 per ounce by the fourth quarter of 2025 [3].

Despite the positive outlook, Nifty futures indicate a cautious start, with Asian markets showing caution ahead of upcoming US trade talks [3]. However, the overall sentiment remains positive, with investors anticipating strong earnings reports from major companies.

References:
[1] https://www.etnownews.com/markets/ril-q4-results-dividend-2025-date-mukesh-ambanis-reliance-industries-quarterly-earnings-expectations-preview-article-151489293
[2] https://www.livemint.com/market/stock-market-news/adani-power-q4-update-adani-group-subsidiary-to-declare-march-quarter-results-on-this-date-in-april-11745317751173.html
[3] https://economictimes.indiatimes.com/markets/why-gold-prices-could-surpass-4000-jp-morgans-bullish-outlook-explained/articleshow/120613209.cms?from=mdr