RELIANCE INDUSTRIES Share Price: Reliance Industries presented good results in the third quarter. The company’s consolidated profit increased by 7 percent. Almost the same pace was seen in revenue also. The company’s retail business showed strength. Great growth was also seen in Jio. The average revenue per user (AVERAGE REVENUES PER USER) of the company crossed 200. In the third quarter, the company’s consolidated income increased from Rs 2.25 lakh crore to Rs 2.40 lakh crore on an annual basis. At the same time, the consolidated profit of the company has increased from Rs 17,265 crore to Rs 18,540 crore on an annual basis.
After the market opened today at 9.33 am, the company’s stock jumped by 2.57 percent or Rs 32.50 and was seen trading at Rs 1298.95.
BROKERAGES ON RELIANCE INDUSTRIES
CLSA ON RELIANCE INDUSTRIES
CLSA has given outperform rating on Reliance Industries. Its target has been fixed at Rs 1650. He says that the company’s Q3 EBITDA/profit was higher than expected. The company’s retail segment EBITDA of 8% was also higher than expected. Its EBITDA/sqft reached a 10-quarter high. The company’s consumer grocery business saw an annual growth of 37 percent. According to the company, online commerce grocery, FMCG and AI are near completion.
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MORGAN STANLEY ON RELIANCE INDUSTRIES
Morgan Stanley has given overweight call on Reliance Industries. Its target has been fixed at Rs 1662. The company has returned to the path of growth after 6 months of challenge. The company’s Q3 results were better than expected. Chemical margins were better than the industry benchmark. EBITDA was supported by the turnaround in retail earnings. The company’s retail EBITDA increased by 9 percent and revenue by 7 percent on an annual basis.
JEFFERIES ON RELIANCE INDUSTRIES
Jefferies has given a buy opinion on Reliance Industries. Its target has been fixed at Rs 1660 per share. He says that the company’s Q3 EBITDA was 5% higher than expected. EBITDA was supported by better retail/O2C than expected. O2C’s outlook for FY26 appears to have improved. In FY26, triggers like retail boost tariff hike, listing of Jio could work. The growth seen in retail indicates that the bad times are behind us.
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