INSUBCONTINENT EXCLUSIVE:
driving up valuations for the stock.
For the year-to-date period, RIL shares are up 38.9 per cent, smartly outperforming benchmark Sensex,
which is up a mere 13 per cent in this period
first company to inch closer to Rs 10 lakh crore market capitalization mark.
Last week, Reliance Jio said it would raise tariffs over the
and this drives our price target higher to Rs 1,565 (vs Rs 1,400)
Reliance is firing on all cylinders
It has spent about $60 billion in capital expenditure across sectors and all that capital expenditure is now beginning to result in
in earnings and this is going to be the case across the board
Even in the refinery business, a petcoke gasifier, which is a $6-billion project, is going to be announced as commercial production by
gas sector by the middle of next calendar year
Each of these two projects would add about Rs 10,000-14,000 crore per annum
announced that Saudi Aramco will buy a 20 per cent stake in its oil-to-chemical business
Mukesh Ambani also announced details related to the launch of Jio Fiber service, the triple play of broadband, TV and landline.
He also said
the group had a clear roadmap to become a zero net-debt company in 18 months.