RIL shares down 1% post Q2; should you buy, hold, or sell?
Reliance Industries delivered second successive quarter of muted earnings amid weakness in downstream margins and slower retail growth.
Reliance Industries delivered second successive quarter of muted earnings amid weakness in downstream margins and slower retail growth.
The oil-to-telecom conglomerate is likely to report muted earnings for the second successive quarter, impacted by weakness in the core O2C (oil-to-chemicals) business.
If approved, this will be the third bonus issue by Reliance Industries after 2009 and 2017, when the conglomerate issued bonus shares in the ratio of 1:1.
Most brokerages have reiterated 'Buy' ratings on Reliance Industries, with target price in the range of ₹3,435 and ₹3,786.
In a bull-case scenario, the brokerage house expects RIL shares to rise to ₹4,495 by FY26, suggesting a potential upside of 56% from the current market price.
Post the completion of this transaction, TV18 Broadcast’s equity stake in Viacom18 will increase to 70.49%.
The Reliance-Viacom18-Disney deal will add ₹40 per share to RIL’s sum-of-the-parts valuation (SOTP), says Jefferies.
Reliance and Disney to merge their media operations in India and Mukesh Ambani-led conglomerate is likely to hold a 61% stake in the merged entity, as per a report.
On Friday, JFS shares rose as much as 14.5% to hit a new all-time high of ₹347, while the market capitalisation increased to ₹2.07 lakh crore.
Reliance Industries shares gained 3% to hit a fresh all-time high of ₹2,937.80 today, while market capitalisation touched record high of ₹19.86 lakh crore mark.