RIL AGM 2020: Reliance Industries likely to be a $400 billion company in three years, analysts say

Viram Shah of Vested Finance also said Jio has played a pivotal role in the acceleration of data adoption in the country.

Date: 15/7/2020

Billionaire Mukesh Ambani-led Reliance Industries (RIL) will create value for shareholders in coming years given the strategic partnerships with global tech giants, experts said after company's 43rd Annual General Meeting on July 15.

Reliance Industries share price more than doubled in a span of nearly four-months and hit a record high of Rs 1,978.50 today (before seeing some profit booking), taking the total market capitalisation to $167 billion (rupee/dollar rate at 75 a dollar) and entering in the top 60 most valued companies list globally.

Given the investment by global tech giants like Facebook, Google etc., and company's focus on Jio Platforms and Retail with digitalisation and advanced technology, experts feel the total value of Reliance Industries could be over $250 billion in the next 12 months and around $400 billion in three years down the line.

"I valued Reliance Industries at $200-210 billion now which soon become more than $250 billion," SP Tulsian of sptulsian.com told CNBC-TV18. "$70 billion to oil-to-chemical (O2C) business, $80 billion to Jio, $40-50 billion to Retail and $10-20 billion for investment and media businesses, which total comes to $200-210 billion," he explained.

He sees Reliance Industries in total a $400 billion company in three years down the line, with new tech business, Jio, Retail and hiving off O2C business. "I expect valuation of $170 billion for Jio and $100-150 billion for Retail."

Read Full article - Click Here

Comments

Reliance Jio Q3 results: Profit grows to Rs 3,489 crore; ARPU rises to Rs 151

The average revenue per user (ARPU) during the quarter came at Rs 151 per subscriber per month as against Rs 145 per subscriber per month in the September quarter. Reliance Jio, the telecommunications arm of Jio Platforms, on January 22 posted a net profit of Rs 3,489 crore for the quarter ended December 31, 2020. The profit was higher than the street expectations as analysts in a CNBC-TV18 poll had estimated the number at Rs 3,200 crore. Jio's net profit grew 15.5 percent QoQ as in the September quarter of FY21, its profit was Rs 3,020 crore. The average revenue per user (ARPU) during the quarter came at Rs 151 per subscriber per month as against Rs 145 per subscriber per month in the September quarter. A CNBC-TV18 poll had estimated ARPU at Rs 148.2. Revenue, including access revenues for the quarter, was Rs 22,858 crore ($3.1 billion), up 5.3 percent QoQ. A CNBC-TV18 poll had estimated revenue to the tune of Rs 18,165 crore. EBITDA for the quarter stood at Rs 8,483 crore ...

Ashoka Buildcon share price up 4% on bagging 2 NHAI projects

The share touched its 52-week high Rs 127.90 and 52-week low Rs 37.00 on 23 September, 2019 and 03 April, 2020, respectively. Ashoka Buildcon share price added over 4 percent in early trade on September 8 after the company emerged as the lowest bidder (L-1) for the two NHAI projects. The aggregate quoted value of the projects is Rs 1,390 crore. The company had submitted bids to National Highway Authority of India (NHAI) for the project of four laning of Arra h to Pararia section of NH-319(Old NH-30) in the State of Bihar under Bharatmala pariyojana Phase -1 on EPC Mode (Package-I) and Four laning of Pararia to Mohania section of NH-319(Old NH-30) in Bihar under Bharatmala Pariyojana Phase-I on EPC Mode (Package II). At 09:23 hrs Ashoka Buildcon was quoting at Rs 70.60, up Rs 2.40, or 3.52 percent on the BSE. The share touched its 52-week high Rs 127.90 and 52-week low Rs 37.00 on 23 September, 2019 and 03 April, 2020, respectively. Currently, it is trading 44.8 percen...

Futures Trade | A bullish breakout of a flag pattern in HDFC

HDFC is moving in an uptrend with a minor corrective decline. The range is classified as a flag and a breakout of falling minor trendline confirms a possible upside. HDFC is moving in an uptrend with a minor corrective decline from Nov 20 highs. The decline is on lower, contracting volumes and suggests a correction within an ongoing trend. The range-bound action can also be classified as a flag as it is on coming off a sharp rally. A breakout of falling minor trendline confirms a possible upside. Buy around Rs 2300-2310. Keep a stop below Rs 2250 and hold for a target of Rs 2400 and above that to Rs 2450.

SD Solutions

Search This Blog