Reliance Industries Ltd Share Price (RELIANCE)

Mixed News for Reliance Industries - 24 Apr, 2024

Reliance Industries' Q4 results show a decrease in topline and profit YoY. Analysts raise or retain share price targets on the company following its mostly in-line March quarter results. However, Reliance shares end over 1% lower amid profit-taking following the earnings announcement. RBI warns that extreme weather events may pose a risk to India's inflation in the near-term.

Reliance Industries Reports Strong Q4 Performance and Pre-Tax Profit Milestone - 23 Apr, 2024

Reliance Industries posts a net profit of Rs 18,951 crore in Q4 FY24, with growth across all business segments. Analysts raise price targets and see multiple catalysts for re-rating. The company becomes the first Indian firm to report a pre-tax profit of over Rs 1 Lakh crore in FY24. Reliance Jio and Bharti Airtel plan to monetize their 5G networks post-election.

Reliance Industries Reports Strong Q4 Earnings - 22 Apr, 2024

Reliance Industries reported a net profit of Rs 21,243 crore for the March quarter, with gross revenue rising 10.8% YoY to Rs 2.65 lakh crore. The company's pre-tax profit crossed the Rs 1 lakh crore threshold, led by growth in consumer and oil-to-chemicals businesses.

Reliance Industries Expected to Report Strong Q4 Results - 21 Apr, 2024

Reliance Industries' Q4 revenue from operations expected to grow up to 12% YoY, with consolidated EBITDA increasing 3% sequentially and 9% YoY to Rs 41,900 crore. Net profit likely to drop up to 7% YoY but rise 2% QoQ. Ericsson supplies 5G equipment to Reliance Jio and Bharti Airtel for world's fastest 5G rollout.

Reliance Industries Expected to Report Stronger Revenues in Q4 - 20 Apr, 2024

Reliance Industries is expected to see a positive trajectory in Q4 with improved revenue and EBITDA for its retail arm, according to Kotak Institutional Equities. The company may see a 21.6% YoY increase in revenue at Rs 84,251 crore, while EBITDA is expected to show a robust 24.8% surge from the previous year. Additionally, Mukesh Ambani remains Asia's richest person with a net worth of $115 billion.

Reliance Industries Quarterly Earnings Expected to be Robust - 19 Apr, 2024

Reliance Industries is expected to report strong quarterly earnings due to growth in its core oil-to-chemicals business and sustained momentum in its telecom and retail businesses. ICICIDirect is positive on the stock with a target of around Rs 3,050. However, the rise in oil prices may impact the company's stock price.

Reliance Industries Sees Positive Trends Across Various Sectors - 18 Apr, 2024

Reliance Industries sees positive trends across various sectors including telecom, retail, consumer products, and wealth management. Analysts predict tariff hikes will benefit Jio and Airtel. Nokia reports decline in net sales due to normalisation of investments by Jio and Airtel in 5G networks.

Reliance Industries Eyes Expansion with Potential Acquisition and Green Energy Investment - 17 Apr, 2024

Reliance Industries is reportedly in talks to potentially acquire the loss-making 24Seven convenience chain. Additionally, Kandla Port has allocated land for Reliance to set up green hydrogen and ammonia production units, aiming to achieve a production target of 1.5 mmtpa of green hydrogen and 7 mmtpa of green ammonia at an estimated investment of Rs 1 trillion.

Reliance Industries Ventures Into Wealth Management Business Through JV With BlackRock - 16 Apr, 2024

Reliance Industries is set to enter the stockbroking and wealth management business through a joint venture with BlackRock. Additionally, Jio Financial Services has entered a JV with BlackRock to foray into wealth management and broking businesses in India. RIL's board will meet on April 22, 2024, to approve audited financial results and recommend dividends for FY 2023-24.

RIL's Joint Venture with BlackRock for Wealth Management Expansion - 15 Apr, 2024

Reliance Industries' subsidiary Jio Financial Services has entered into a joint venture with BlackRock for expanding wealth management and broking services in India. Axis Securities initiated a buy rating on RIL, increasing its target price by 20%. Former CFO of RIL, Alok Agarwal, joined Modulus Alternatives as an equity partner. Advisor to the President of El Salvador visited India and met with industry leaders in technology and infrastructure sectors, including Reliance on 5G technology. RIL to announce Q4 financial results on April 22.

Steady Q4 Expected for Reliance Jio, Airtel & Vodafone Idea - 14 Apr, 2024

Analysts predict largely stable Q4 revenues and profits for Reliance Jio, Bharti Airtel and Vodafone Idea, with potential for improved H1 performance due to anticipated tariff hikes.

Telecom Industry Prepares for Tariff Hike in India - 12 Apr, 2024

The Indian telecom industry is preparing for a significant tariff hike estimated between 15-17%, post-election period. Analysts predict Bharti Airtel as the primary beneficiary. Meanwhile, Reliance Jio and Bharti Airtel continue to gain subscribers at the cost of Vodafone Idea and BSNL.

RIL in Talks with Tesla for Joint Venture in India - 11 Apr, 2024

Reliance Industries Limited is reportedly in talks with Tesla for a potential joint venture to set up a manufacturing facility in India. Additionally, RIL completed a project to safeguard wildlife, while its subsidiary faced a Supreme Court ruling. Telecom tariffs are also expected to rise.

Reliance Industries in Talks with Tesla for Joint Venture - 10 Apr, 2024

Reliance Industries is reportedly in talks with Tesla for a potential joint venture to establish an EV manufacturing facility in India. Additionally, Reliance has secured land parcels at DPA in Kandla to set up green hydrogen and ammonia production units. The Supreme Court reversed its previous order asking DMRC to pay ₹8,000 crore to Anil Ambani's firm, causing shares of Reliance Infrastructure to plunge. Reliance also emerged as the top bidder in a global tender to construct green hydrogen and ammonia facilities.

Reliance Industries Sees Potential for Re-Rating Across Verticals - 09 Apr, 2024

Morgan Stanley maintains an overweight rating on Reliance Industries with a target of ₹3,046 per share. The Sensex and Nifty 50 finished Monday's trading session higher. Multiple areas of re-rating are expected for Reliance Industries. $8.5 billion merger between Reliance and Disney helped overall deal activity in March quarter reach nearly two-year high.

Reliance Jio's ARPU Climbs; Bharti Airtel Adds More Active Users Than Jio - 08 Apr, 2024

Reliance Jio's ARPU rose while Bharti Airtel added more active mobile users than Reliance Jio in February 2024, as per latest customer data put out by Trai. Additionally, RIL's gains contributed the most to the gains in both the Sensex and Nifty.

Reliance Jio Raises Funds; Anant Ambani's Shopping Spree Creates Social Media Buzz - 07 Apr, 2024

Reliance Jio plans to raise $1.5 billion to compete with bigger rivals while Anant Ambani's extravagant shopping spree in Dubai creates buzz on social media.

Reliance Faces Competition from Amazon's Bazaar; Reliance Digital Offers Discounts - 06 Apr, 2024

Reliance Industries faces competition from Amazon's new store, Bazaar, which aims to rival Reliance's Ajio. Meanwhile, Reliance Digital has launched its Digital Discount Days, offering discounts on electronics.

Reliance Jio and Bharti Airtel Expected to Lead Q4FY24 Results - 05 Apr, 2024

According to JM Financials, Reliance Jio Infocomm and Bharti Airtel are expected to lead the pack in the upcoming fourth quarter results of fiscal 2023-24 (Q4FY24). Bharti Airtel is the top pick as it is the biggest beneficiary of structural uptrend in industry average revenue per user or ARPU.

Reliance Industries Bids for Govt. Hydrogen Project; Mukesh Ambani Among World's Top 10 Wealthiest Persons - 04 Apr, 2024

Reliance Industries bids for the government's pilot project for the use of green/grey hydrogen in the transport sector. Mukesh Ambani breaks into the world's top-10 wealthiest persons in Forbes 2024 Billionaire List.