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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.

July 16, 2020 / 02:49 PM IST

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.