Reliance Industries is India's answer to Exxon, AT&T, Amazon - all rolled into one
RIL has disrupted the energy and telecoms industry and could soon do the same to retail, fintech, and media.
HDFC Securities maintains neutral on Reliance Industries, target price Rs 1,562
According to the brokerage, RIL posted underwhelming results in third quarter as operating profit reported was 10% lower than HDFC Securities’ estimates.
What's really weighing on market sentiment suddenly?
“Earnings of some large companies were slightly below expectations. Valuations are not cheap for any of these companies so a miss on expectations can lead to over-reaction to the results,” said Nitin Bhasin, head of research-institutional equities at Ambit Capital.
Sensex drops 200 points, Nifty below 12,200 as IMF cuts India's growth forecast
The IMF on Monday lowered India's economic growth estimates for the current fiscal to 4.8%.
Brokerages upbeat on RIL’s retail, telecom businesses, retain ratings
Of the 26 brokerage reports ET studied, eight have increased the price targets on RIL shares while six reduced it after the earnings. Nineteen of the 26 brokerages have a ‘buy’ rating on the stock, with the average price target given at over Rs 1,700.
Market Movers: Kotak Q3 spooks bank pack; Voda, realty stocks up, OIL hit
Reliance Industries was the biggest culprit for Monday’s fall, as it bled 146.67 points.
What made stocks reverse rally on Monday?
BSE Smallcap index fell just 0.39% on Monday, even as benchmark Sensex was down 1%.
Sensex plunges 416 pts, Nifty below 12,250: Key factors behind market pain
Market participants also remained on the sidelines ahead of the Union Budget.
Reliance outpaces industry in petrol, diesel sales from its outlets
RIL outpaced industry in clocking double digit sales growth in petrol and diesel from its 1,400-odd outlets.
Stocks in the news: RIL, HDFC Bank, Lupin, TCS, Kotak Bank, HCL Tech and Just Dial
Moody's Investors Service placed YES Bank's long-term foreign currency issuer rating of B2 under review.
What changed for D-Street while you were sleeping
Asian shares neared a 20-month top on Monday as Wall Street extended its run of record peaks on solid US economic data and lashes of liquidity from the Federal Reserve.
Early Q3 trend shows weak sales, but double-digit net profit growth
The growth numbers are likely to vary significantly with more companies reporting numbers.
What consumption slowdown? Look at Reliance's retail show
RIL’s retail stores reported a 26 per cent year-on-year growth in footfalls at 176 million.
6 of top-10 most valued firms add Rs 62,773 crore in market cap; HUL, RIL show the way
HUL's valuation zoomed by Rs 22,827.94 crore to Rs 4,45,778.10 crore, topping the gainers' chart.
Telecom, retail help Reliance offset modest energy gains
Earnings growth was 5 per cent higher than consensus quarterly EPS estimates.
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