There’s scope for re-rating as the conglomerate’s current valuation implies near-zero value for the new energy business and little upside from the growing consumer business
SWREL is targeting ~ $1 billion (Rs 7,000-8,000 crore) of new EPC orders from its current bid pipeline
Favorable supply-demand balance, new capacity and product diversification are key triggers to watch
The stock has corrected more than 35 percent from its 52-week high in October 2021 and is trading at a deep discount to Reliance’s acquisition price of Rs 375 per share
A reduction of duties on key chemicals to help soften raw material inflation
As part of its growth strategy, RIL now plans to transform its traditional energy business and aims to offer decarbonisation solutions
Big relief seen coming in telecommunications sector from tariff hike; we are positive on Reliance Jio and Bharti Airtel
Going forward, the free cash flows should improve substantially on the back of monetisation of tower assets, commercialisation of fibre business and minimal capex requirements.
Nalanda Securities is bullish on Reliance Industries recommended buy rating on the stock with a target price of Rs 1638 in its research report dated April 21, 2019.
Prabhudas Lilladher recommended accumulate rating on Reliance Industries with a target price of Rs 1406 in its research report dated April 19, 2019.
The consumer businesses were the saviour. Margins in retail improved and Jio’s quarterly performance remains robust.
Prabhudas Lilladher recommended accumulate rating on Reliance Industries with a target price of Rs 1238 in its research report dated January 18, 2019.
Motilal Oswal is bullish on Reliance Industries has recommended buy rating on the stock with a target price of Rs 1426 in its research report dated January 18, 2019.
Sharekhan recommended is bullish on Reliance Industries has recommended buy rating on the stock with a target price of Rs 1465 in its research report dated January 17, 2019.
Sharekhan is bullish on Reliance Industries has recommended buy rating on the stock with a target price of Rs 1465 in its research report dated December 11, 2018.
Reliance Retail's target is to open more than 6,000 outlets pan-India with a top-line potential of roughly $20 billion by FY20-end.
KR Choksey is bullish on Reliance Industries has recommended buy rating on the stock with a target price of Rs 1442 in its research report dated October 22, 2018.
Nalanda Securities bullish on Reliance Industries has recommended buy rating on the stock with a target price of Rs 1434 in its research report dated October 22, 2018.
KR Choksey is bullish on Reliance Industries has recommended buy rating on the stock with a target price of Rs 1442 in its research report dated August 03, 2018.
HDFC Securities is bullish on Reliance Industries has recommended buy rating on the stock with a target price of Rs 1270 in its research report dated July 29, 2018.