Why Reliance could be an underperformer going forward

Last year was the worst for Reliance in terms of cash flows. It was a negative of minus Rs 80,000 crore. So the cash flows are not there from the new businesses because both Jio Platforms and Reliance Retail require continuous investments for growth, says Sandip Sabharwal, analyst, asksandipsabharwal.com

Going forward, how do you see things shaping up for RIL?
Reliance at this stage has a confused strategy. They had made big forays into two new segments telecom — Jio Platforms and retail. Just after announcing that they are making a huge fundraise and will become debt free, now they have announced huge forays into completely diverse industries.