922.50 -2.15 (-0.23%)
BSE Jan 18, 2018 13:38
Volume: 180.5K
 
Durability score
55/100
Valuation score
52.2/100
Momentum score
81.3/100
Market Capitalizati...
599913.9
AVG Broker Target
927.3
PE TTM Price to Ear...
18.3
Reliance Industries Limited (RIL)    
18 Jan 2018, 08:43AM
922.50
-0.23%
Business Standard
Jio's revenue market share, future capital expenditure program in light of the recent acquisition announcement of Reliance Communications' assets would be the key points to look for in the management
Reliance Industries Limited (RIL)    
17 Jan 2018, 03:29PM
922.50
-0.23%
Business Standard
RIL's proposal to scale up the Jio business would create employment opportunity of 100,000 in the state
Reliance Industries Limited (RIL) is trading above all available SMAs
Reliance Industries Limited (RIL)    
17 Jan 2018, 01:01PM
922.50
-0.23%
Business Today
Reliance Industries Chairman Mukesh Ambani lavished praise on the West Bengal Chief Minister Mamata Banerjee, unveiling an ambitious plan for his telecom company Reliance Jio in the eastern state.
Reliance Industries Limited (RIL)    
17 Jan 2018, 11:16AM
922.50
-0.23%
Contradicting CLSA, UBS issues a sell call on Reliance click to expand

In the first week of January, CLSA had projected that Reliance's capital expenditures are set to go down overall as major petrochem and gas projects worth over $40 billion start to deliver. The boost in earnings from these projects, CLSA said, was expected to come in 12-15 months.

However, UBS issued a sell call on Reliance yesterday with a price target of Rs. 870, and said that RIL’s $60-billion spend on expanding petroleum coke, gasification, petrochemicals and its telecommunications businesses wouldn’t start generating cash and an earnings boost anytime soon. THis would mean that the company's debt would remain high in the short term - debt that has been added on to thanks to aggressive spending by Reliance's telecom arm, Reliance Jio.

The company's share price has been trending lower since UBS' call and is below its 50 day SMA. In December, the brokerage Jeffries had downgraded the stock, also citing Reliance's high debt. 

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Reliance Industries Limited (RIL) is trading above all available SMAs
Reliance Industries Limited (RIL)    
15 Jan 2018
922.50
-0.23%
Business Standard
After a lacklustre show last year at the Bengal Global Business Summit (BGBS), the annual event showcasing the state as an investment destination, the coming one is expected to be attended by doyens of industry.These include steel magnate L N Mittal, Mukesh Ambani, chairman and managing director at Reliance Industries, and Sajjan Jindal, chairman and managing director of the JSW Group. Last year in November, the chief minister, Mamata Banerjee, during her visit to the UK, had invited Mittal and got his confirmation. The same month, she met Ambani in Mumbai and invited him as well.Jindal, along with son Parth Jindal, is already in the state for the opening of the JSW cement plant Banerjee inaugurated on Monday. The entire Jindal family was present.Darshan Hiranandani, managing director of H-Energy and Gautam Sashittal, chief executive of Dubai Multi Commodities Centre, will also be attending the two-day event starting Tuesday at the City Convention Centre.Last year, following...
Reliance Industries Limited (RIL) is trading above all available SMAs
Reliance Industries Limited (RIL)    
15 Jan 2018
922.50
-0.23%
Business Standard
Firm's consolidated debt was Rs 2.17 trillion as of March 2017
Reliance Industries Limited (RIL)    
13 Jan 2018
922.50
-0.23%
Business Standard
The tie-up with mPrest will help RIL's energy business, as well as Jio, its telecom business
Reliance Industries Limited (RIL) has gained 21.67% in the last 6 Months
Reliance Industries Limited (RIL)    
12 Jan 2018
922.50
-0.23%
Tech replacing regulation: The implications of a Reliance cryptocurrency click to expand

Reliance is reportedly planning its own cryptocurrency, which will be called JioMoney, according to Reliance sources. The effort will be led by Mukesh Ambani's son Akash Ambani, and the company is planning to build a 50 member team around the effort. 

This is a significant move by Reliance, perhaps even more significant than its entry into the telecom industry. While JioCoin is being pitched for things like smart contracts, there are much broader implications to India's richest man and India's oil refining czar launching a cryptocurrency. A key aspect of cryptocurrencies like Bitcoin is that users are able to make transactions with each other without going through a bank, or any other intermediary. It is a private currency without government involvement. When Reliance talks about "smart contracts" it means this: blockchains combined with something like Jiocoin will allow managing and enforcing contracts through tech, rather than via government and people-based checks.

Anonymity is therefore high, and government interference minimal. Cracking down on these transactions are extremely difficult for governments once such currencies are themselves legal, because these happen as a secure setup on the open internet. KYC has typically been a bank's responsibility, but in cryptocurrencies banks are not involved in the first place. Combine a currency like JioCoin with commodities like oil, wheat, rice, metals, and you have very large transactions that can happen at high speed and independent of regulation. The share price of Reliance is up on the news, but the effects of JioCoin if this goes through, are more dramatic than we immediately realize. The Indian government has been tight-lipped on the legality of these so far, saying on January 2 that "the government is still studying the issue."

 

Reliance Industries .. has an average target of 927.25 from 8 brokers.
Reliance Industries Limited (RIL)    
12 Jan 2018
922.50
-0.23%
IBTimes India
Reliance Industries chairman, Mukesh Ambani's elder son Akash Ambani, will be leading the JioCoin project.
Reliance Industries Limited (RIL)    
11 Jan 2018
922.50
-0.23%
'Will report quarterly profit this financial year': Reliance Jio click to expand

Despite the steep discounts and 'triple cashbacks' being offered to customers, with offerings now priced below the level they were in July 2016, Reliance Jio will report a quarterly profit this financial year and ahead of schedule, according to comments made to the media. A specific decision by TRAI to cut inter-usage connect charges (IUC) charged by telecom providers, hit Airtel and other telecom providers but benefitted Jio, helping it reach profitability early. TRAI slashed interconnect charges by 57% to 0.06 rupees a minute starting Oct. 1 last year, and this fee will fall to zero from Jan. 1, 2020.

Achieving profitability is essential for Jio to be able to function as an independent corporate entity and list separately from Reliance Industries post an IPO. Right now, the fact that Jio is still a Reliance Industries arm makes it difficult to estimate the real expenses and debt that Jio is carrying, separately from the Reliance arm.

Industry analysts have till date reported concerns on the roadmap to profitability, pointing to falling ARPUs across the industry post Jio's entry. Jio however, besides pushing for regulation to reduce IUC charges, has also recently managed to acquire Anil Ambani-headed RCom's spectrum and telecom assets, boosting its expansion plans. The amount spent for RCom assets are likely to show up in March FY18 balance sheets, since the deal details are still ongoing. 

Number of Mutual Funds holding stock rose by 14 to 464 in Sep 2017 qtr.
  • Month Change by 20.2% (Crossed threshold 20%) on 30 October, 2017
  • Day volume (4100930) was 593% of the Month Average Volume (691069.0) on 27 October, 2017
  • Axis Direct released a Buy report for Reliance Industries Limited (RIL) with a price target of 990.0 on 25 Oct, 2017.
  • Stock Price (819.20) crossed above 50 Day SMA (806.75) on 04 October, 2017
  • Stock Price (798.60) crossed below 30 Day SMA (810.42) on 27 September, 2017
More triggered alerts
Ex-Date Dividend Amount Dividend Type Record Date
July 13, 201711.00--
March 17, 201610.50INTERIM-
May 8, 201510.00--
May 16, 20149.50--
May 10, 20139.00--
All dividends by RELIANCE
Ex-Date Dividend Bonus Ratio Record Date
Sept. 7, 20171:1Sept. 9, 2017
Nov. 26, 20091:1Nov. 27, 2009
All bonuses by RELIANCE