Page 7 - Reliance Industries Ltd News

Reliance Industries set to invest $60 bn in 10 years: Morgan Stanley report

India cos announce large investments in renewables, energy transition

Asset monetisation helped Reliance Industries create value: Morgan Stanley

Morgan Stanley said it has valued RIL's 66.43 per cent stake in digital investments at an implied EV/EBITDA multiple

Reliance Industries can add up to $100 bn to market cap: Morgan Stanley

Reliance Industries Ltd can add up to USD 100 billion to its market capitalisation in its fourth monetisation cycle this century as new cash flow streams emerge and valuation multiples catch up, Morgan Stanley said in a report. The oil-to-telecom conglomerate has seen monetisation cycles deliver 2-3x value creation for shareholders in the past nearly three decades, with each decade seeing USD 60 billion+ in market cap creation. RIL is in its fourth monetisation cycle this century. "Monetisation 4.0 is different; it is supported by the business upcycle, domestic demand, and lower competition," the brokerage said. "RIL's fourth monetisation cycle (since 1997) should add up to USD 100 billion to USD 60 billion increase in market cap year-to-date." Key to this has been RIL's market share gains, complete integration, and most importantly, ability to execute above investor expectations each time the company has re-imagined its business. This monetisation follows the USD 60 billion in ..

Morgan Stanley, Citi, Jefferies: Brokerages decode RJio, Airtel tariff hike

In the last two rounds of tariff hikes, Vodafone Idea (Vi) in December 2019 and Bharti (Dec 2021) took the lead, while R-Jio was the last one to raise tariffs

Tariff hike impact: Airtel soars 5%, hits new high; RIL mcap tops Rs 21 trn

Telecom stock update: Bharti Airtel rallied 5 per cent to hit a new high at Rs 1,539; RIL rose 2% to Rs 3,129, and saw its market capitalisation touch Rs 21.12 trillion in intra-day trades today.

Reliance, Airtel, Voda Idea, BHEL among 5 stocks to watch today

Stocks to watch on Friday, June 28, 2024: Shares of telecom companies expected to hog limelight; Stanley Lifestyles to debut on the bourses today.

Reliance Jio buys spectrum worth Rs 973.63 crore in Bihar, West Bengal

Reliance Jio expanded its radio waves holding for mobile services by acquiring additional frequencies worth Rs 973.63 crore in the latest spectrum auction that concluded on Wednesday. The company acquired 5 megahertz paired spectrum in 1,800 Mhz band in Bihar for Rs 420.25 crore and 9.4 Mhz in West Bengal for Rs 553.38 crore. "Jio acquired additional spectrum in the 1,800 MHz band in Bihar and West Bengal. With this acquisition, Jio has expanded its 1,800 MHz band spectrum in two circles. Jio's spectrum footprint has increased to 26,801 MHz (uplink + downlink), solidifying its leadership position," the company said in a statement. The government had offered a total of 10 GHz of spectrum ranging between 800 MHz to 26 GHz, which was worth Rs 96,238 crore at the base or auction start price. All the available spectrum in 800 MHz, 900 MHz, 1,800 MHz, 2,100 MHz, 2,300 MHz, 2,500 MHz, 3,300 MHz, and 26 GHz bands were put to auction. This year auction has seen activity in 900 MHz, 1,800 MH

Telecom shares rise up to 7%; Airtel at new high, Voda Idea hits 52-wk high

Shares of Vodafone Idea hit a 52-week high of Rs 18.47, surging 7% amid heavy volumes, surpassing its previous high of Rs 18.42 touched on January 1

How to trade telecom stocks amid spectrum auction? Check key levels

Technical charts suggest a divergent trend for the three key telecom stocks - Reliance Industries, Bharti Airtel and Vodafone Idea.