Reliance Industries Ltd (RELIANCE)

Reliance Industries Watched Amid Tariff Hike Expectations and Oil Price Concerns - 29 Apr, 2024

As Motilal Oswal Asset Management Co.'s CIO Niket Shah holds Reliance Industries in his portfolio, he expects a likely tariff increase to boost the telecom sector. Meanwhile, India is monitoring developments in the Middle East that could affect crude oil prices and, in turn, Reliance Industries' revenue and profits. Additionally, Jio Financial Services plans to expand its services with the appointment of Kusal Roy as CEO of Jio Finance Ltd.

Reliance to Operate Cargo Terminals, Bharti & Jio May Follow Tariff Hike - 28 Apr, 2024

Reliance Industries will operate Gati Shakti Cargo Terminals across several Indian states. Meanwhile, a report suggests that Bharti Airtel and Reliance Jio may increase tariffs following Vodafone Idea Limited's lead, with the latter eyeing increased profitability ahead of a potential IPO.

Reliance Industries Receives Fuel Oil After Brief Halt Due to Sanctions - 27 Apr, 2024

S&P Global Ratings and Fitch Ratings forecast earnings growth for Reliance Industries Ltd, while the company resumes receiving fuel oil from Sovcomflot-controlled ships after a brief halt due to U.S. sanctions.

Reliance Industries Receives Vote of Confidence Amidst Fuel Oil Delivery and Robust Sales - 26 Apr, 2024

Reliance Industries has received a vote of confidence from S&P and Fitch following its strong earnings. The company also received a delivery of fuel oil from Sovcomflot despite sanctions, while Reliance Retail's FY24 sales surpassed those of India's top seven consumer giants combined.

Reliance Industries Sees Revenue Growth Despite Missed Expectations - 25 Apr, 2024

Reliance Industries reports revenues 4.1% below expectations at ₹9.0t, but analysts predict a 12% increase in revenue to ₹10t by 2025. JioCinema slashes premium prices to compete with Netflix and Amazon.

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.