Ashwani Gujral of ashwanigujral.com
JIOPhone would be available for testing from 15-August-2017 and pre-booking of JioPhone will start from 24-August-2017.
Telecom as well as cable operators fell sharply after Jio offers. Bharti Airtel, Idea Cellular (though recovery sharply towards the close), Dish TV, Hathway Cable and GTPL Hathway were down 2-6 percent.
The effectively free JioPhone was the highlight of the announcements made on Friday.
Issue said to be the largest one in the country. Shareholders to get one share for every one scrip held.
Ashwani Gujral of ashwanigujral.com recommends buying Reliance Industries and GAIL India and feels that Bharat Financial should move higher.
If somebody would have invested Rs 10,000 in the year 1977, the amount would now cross Rs1 crore mark in the year 2017.
Major telcos and cable networks fell between 2 and 9 percent intraday after the company unveiled the JioPhone at its AGM.
According to Goldman Sachs, key focus points for the AGM would be segment wise capex expenditure in Q1FY18 and guidance for FY18.
Live updates from Reliance Industries' Annual General Meeting in Mumbai.
Ashwani Gujral of ashwanigujral.com is of the view that one may buy Axis Bank, NMDC and Deepak Fertiliser and can sell Bank of India and VA Tech Wabag.
The fiscal started on a strong note for Reliance Industries (RIL) with record consolidated profit aided by strong gross refining margin (GRM) in the refining segment and record margin in the petrochemical business.
Commenting on the media companies, Porinju said that he is bullish on the sector considering the fact that we are a country with 1300 million population which presents a huge potential.
Gross refining margin for the quarter grew by 3.5 percent to 9-year high of USD 11.9 a barrel against USD 11.50 a barrel on a sequential basis and a CNBC-TV18 poll estimates of USD 11 a barrel.
Reliance Industries has bought just under 25% stake in Balaji Telefilms and CNBC-TV18's here is Varinder Bansal caught up with the top brass at Balaji Tele.
The investment will take place through a preferential issue of 2.52 crore shares at Rs 164 apiece.
Reliance Jio launched rights issue of optionally convertible preference shares to raise up to Rs 20,000 crore.
Appreciation in rupee against US dollar may hurt net numbers, analysts feel.
Ashwani Gujral of ashwanigujral.com suggests buying ITC and NBFC stocks on dips while he feels that RIL should head higher.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Britannia Industries and sell UltraTech Cement and Jubilant Foodworks.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Britannia Industries, Colgate Palmolive, Hindustan Unilever, Hero MotoCorp, Interglobe Aviation, Lupin and Aurobindo Pharma and can sell IRB Infrastructure Developers and Housing Development and Infrastructure.
Currently due to correction in the stock, however, the market cap slipped below that Rs 5 lakh crore mark at Rs 4.94 lakh crore.
The Nifty too is chasing 10,000 level which is likely to act as stiff resistance for the index and market should cool off post the event, suggest experts. However, a major decline is not something which analysts’ see unless it gets triggered by a global event.
Given the current market strength, bulls are not ready to give up easily and hence, it seems the Nifty is likely to touch 10,000 level soon, even though experts consistently saying valuations are stretched.