Reliance Industries Ltd. share price target

Commercial operations of telecom business from December 2015 RIL has announced timelines for Reliance Jio's telecom foray, indicating a beta launch in the next few months which will be converted to commercial operations from December 2015. RIL's...

RIL reported robust 1QFY16 results led by strong GRM & petchem margins. RIL proved skeptics wrong with its ability to tweak product slate. GRM grew to $ 10.4/bbl despite the fall in Singapore GRMs. Standalone EBITDA was Rs 93bn ( 24% YoY). Lower other income (more funds in MFs vs bank FDs) and higher interest (INR weakness) led to PAT of Rs 63bn.

In Reliance Industries' AGM, Mr Mukesh Ambani gave out significant details of Reliance Jio, whose offerings are much wider than expected, encompassing a greater degree of content.Jiohasambitiousplansspanningtelecombroadband,broadcastTVdistribution,...

Reliance's 4QFY15 performance was in line with street estimates adjusted for the lower interest expenditure during the quarter. There are limited takeaway from the result despitethestrongGRMasproductcracksarelikelytoeasegoingahead.Inthenearterm...

RIL reported standalone APAT of Rs 62.4bn ( 23% QoQ) in 4QFY15. The strong show was mainly led by GRM ($ 10.1/bbl, 38% QoQ). Performance of the petchem segment was flat, whereas weakness continued in the E&P; business.

India's second biggest Company - RIL by market capitalization posted Revenues which were down by 4.6 percent to ` 90,589 crore on back of lower output from RIL's flagship KG-D6 gas fields and lower volume at the world's largest refining complex, which operated at 110 % capacity. GRM was at US$8.4 bbl versus US$8.5 in the previous quarter. Street had predicted profit to go up by 17-20% given the low base last year. Petrochemicals (petchem) earnings reduced due to the lack of improvement in oil and gas sector. As a result, we are slightly bearish on petchem segment. The management is optimistic about the petrochemicals business, where it is expanding capacity as it is investing heavily in the petchem business. RIL's new capacities are expected to start operations slowly and steadily from possibly H2FY14 onwards....