Page 2 - Reliance Industries

Stock Market Highlights: Sensex holds 80k, ends 100 pts down; Ratings downgrade jolt Adani shares

Stock Market Close Highlights: The NSE Nifty 50 index slipped below 24,200; Small-cap stocks outperformed the broader market, with the Nifty Smallcap100 closing 0.8 per cent higher on Tuesday.

Telecom stocks gain as govt waives bank guarantee; Vodafone Idea surges 16%

Vodafone Idea is expected to be one of the key beneficiaries as the company was required to submit a total of Rs 24,700 crore in BGs, ICICI Securities said in a note.

RIL shares rise 2% as Citi upgrades stock to 'buy', citing strong outlook

The US-headquartered brokerage has raised the target price for the scrip to Rs 1,530, implying an upside of over 18 per cent from the current market price

BJP Maha win, global cues. Reasons Sensex rallied 1,300pts intraday Monday

The NSE Nifty topped the 24,300-level, and was up 350 points following BJP-led Mahayuti alliance landslide victory in Maharashtra elections. Index heavyweights SBI and RIL were the top gainers so far.

Stocks to Watch: Adani Group stocks, Zomato, RIL, Vedanta, Hero MotoCorp

Here is a list of stocks that will be eyed by investors and traders for today's session

Jigar S Patel of Anand Rathi suggests buying these three stocks on Nov 25

In the previous trading session, it broke above the highs of the last four days, supported by a bullish divergence on the daily chart, which further strengthens the case for upward momentum

Reliance's refining margins recover but retail remains uncertain: JPMorgan

One of the two drivers of Reliance Industries Ltd's recent underperformance - weak refining margin - has reversed but the other, poor-retail top-line growth, is difficult to anticipate, brokerage JP Morgan said in a report. Reliance stock is down 22 per cent from its peak on July 8 (NIFTY down 3.3 per cent), sharply reversing outperformance from earlier in the year. In a market where most stocks are trading well above historical valuations, Reliance's fair relative valuations are an attraction. The company helmed by billionaire Mukesh Ambani has three main business verticals - oil refining and petrochemical business housed in oil-to-chemical (O2C) unit, telecom arm Jio and retail. It also has a media unit and a new energy business. Reliance Retail plus Telecom now account for about 50 per cent of total 2023-24 (FY24) consolidated EBITDA. These, JP Morgan estimates, will account for almost all of net EBITDA growth over the next three years. With an EBITDA run-rate of USD 20 billion

Premium content production needs to be democratised: JioStar's Uday Shankar

We deliver the largest share of audiences on TV (110 channels such as Colors and Star Plus, 32 per cent viewership)

Reliance-backed Addverb to launch next-gen humanoid robots in 2025

Founded in 2016, Addverb provides smart end-to-end robots for warehouses and industrial automation

RIL, Tata Motors, Titan: Over 50% Nifty stocks trade below 200-DMA

As many as 27 out of the Nifty 50 stocks are trading below their respective long-term moving average; analysts see this as an overall weak trend in the market.

Mcap of 8 of 10 most-valued firms erode Rs 1.65 trn; SBI, HDFC top losers

Eight of the top-10 most valued firms together lost Rs 1,65,180.04 crore from market valuation in a holiday-shortened last week, with HDFC Bank and State Bank of India taking the hardest hit in line with a weak trend in equities. Last week, BSE benchmark Sensex fell by 1,906.01 or 2.39 per cent. Equity markets were closed on Friday for Guru Nanak Jayanti. "Mounting concerns over rising CPI inflation and persistent disappointments in corporate earnings weighed heavily on sentiment," Ajit Mishra SVP, Research, Religare Broking Ltd, said. The valuation of HDFC Bank tanked by Rs 46,729.51 crore to Rs 12,94,025.23 crore. State Bank's market valuation eroded by Rs 34,984.51 crore to Rs 7,17,584.07 crore. The valuation of Hindustan Unilever slumped Rs 27,830.91 crore to Rs 5,61,329.10 crore, and that of Reliance Industries declined by Rs 22,057.77 crore to Rs 17,15,498.91 crore. The market capitalisation (mcap) of ITC dived Rs 15,449.47 crore to Rs 5,82,764.02 crore, and Bharti Airtel

JioStar won't limit itself to premium subscription model, says Uday Shankar

The mega joint venture, valued at Rs 70,352 crore, is focused on creating offerings that are attractive and affordable to all, and it will not be limited to just the premium subscription model

Review Starlink, Kuiper reach before spectrum allocation: Reliance to Trai

"The authority should critically examine the capacities created by these mega ... constellations such as Starlink and Kuiper," the letter dated Nov. 15 said

RIL, Viacom18 and Disney complete merger to create a Rs 70,352 cr JV

Three CEOs to lead Reliance-Disney media behemoth

Value buying? RIL stock rises 2% after a steep fall; CLSA sees 30% upside

The share price of Reliance Industries had cooled-off from its all-time high as a delay in the possible IPOs of Jio and/or Retail led to reduced excitement towards the stock.

Reliance Power posts Rs 2,878 cr profit in Q2, income dips to Rs 1,962.7 cr

Reliance Power has posted a consolidated net profit of Rs 2,878.15 crore in the July-September quarter of this financial year. The company had reported a net loss of Rs 237.76 crore in the quarter ended September 30, 2023. Total income of the company dipped to Rs 1,962.77 crore in the quarter under review, from Rs 2,116.37 crore in the same period a year ago. The company has gained Rs 3,230.42 crore on deconsolidation of a subsidiary, the company said in a regulatory filing on Tuesday. Deconsolidation of a subsidiary occurs when assets, liabilities, and equity associated with the subsidiary are no longer reflected in the parent company's financial position. During the July-September quarter, Reliance Power has settled Rs 3,872 crore guarantor obligations for its subsidiary Vidarbha Industries Power Ltd (VIPL). "... The entire obligations of the Parent Company (Reliance Power) as a guarantor on behalf of VIPL stands fully settled resulting in the release and discharge of corporate

RIL to invest Rs 65,000 crore in 500 CBG plants in Andhra Pradesh

Foundation for this maiden biofuel project will be laid on Dec 28, says State minister

Reliance Industries to invest Rs 65,000 crore in Andhra for biogas plants

The Andhra Pradesh government and Reliance Group on Tuesday signed a deal worth Rs 65,000 crore to establish 500 compressed bio-gas (CBG) plants in the state over the next three years. The agreement was inked in the presence of Chief Minister N Chandrababu Naidu, Minister for Energy Gottipati Ravi Kumar, and senior officials from Reliance Group at the state secretariat in Amaravati. Very happy to sign an MoU with Reliance. Highlights of the deal include the establishment of 500 CBG plants in the coming three years, Naidu said in a statement from the Chief Minister's Office (CMO). According to the Chief Minister, the conglomerate will invest Rs 130 crore per CBG plant, creating an estimated 2.5 lakh jobs. Naidu also highlighted that the state stands to gain Rs 57,000 crore over the next 25 years through SGST collections, electricity duty, and other revenue streams arising from this initiative.

Key support for RIL stock stands at this level; here's why

Reliance stock is down nearly 22% from its record high; historically, in the past decade, barring the 50% fall during Covid-19 sell-off, RIL stock has bounced back after a 21% correction.

RIL to invest Rs 65,000 crore in Andhra Pradesh for clean energy project

These projects are estimated to create 250,000 direct and indirect jobs, according to the Andhra Pradesh government