1537.6000 -3.90 (-0.25%)
NSE Jul 08, 2025 15:31 PM
Volume: 7.2M
 

1537.60
-0.25%
HDFC Securities
Disclosures on content, Jio phone, project development costs accounting etc would be opportune. We value RJio at 10x Sep-20E EV/EBITDA at an EV of Rs 3tn (Rs 510/sh). Reliance Jios (RJio) subscriber additions (37mn in 2Q) and engagement (voice/data usage/sub) is healthy and steadily inching upward. Acquisition of leading cable companies- Hathway, Den and GTPL will fast-track home broadband acquisitions (Jio aspires 50mn).
Number of FII/FPI investors increased from 2232 to 2246 in Mar 2025 qtr.
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