Reliance's $40 billion gain fuels best run over Nifty since 2020
.'s shares are outperforming the country's benchmark stocks gauge by their widest margin in five years, driven by optimism over the conglomerate's diversified businesses.
Shares of the country's most valued firm have surged 22% this year, compared with a 6% rise in the NSE
Nifty
50 Index. The firm controlled by Asia's richest man
Mukesh Ambani
has added $40 billion to its market capitalization in 2025, contributing nearly a third to the value addition in the benchmark gauge.
Explore courses from Top Institutes in
Select a Course Category
Data Analytics
Design Thinking
Management
Data Science
Cybersecurity
Project Management
PGDM
Degree
Public Policy
MCA
CXO
Product Management
Data Science
healthcare
Leadership
MBA
Digital Marketing
Others
Healthcare
Artificial Intelligence
Finance
Technology
Operations Management
others
Skills you'll gain:
Data Analysis & Visualization
Predictive Analytics & Machine Learning
Business Intelligence & Data-Driven Decision Making
Analytics Strategy & Implementation
Duration:
12 Weeks
Indian School of Business
Applied Business Analytics
Starts on
Jun 13, 2024
Get Details
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Villas For Sale in Dubai Might Surprise You
Villas In Dubai | Search Ads
Get Quote
Undo
The rally marks a rebound for Reliance after its shares trailed the broader index for two straight years. Analysts see room for further advance, helped by higher refining margins, and improved performance of its telecom and retail units.
Bloomberg
In its earnings due later Friday, the company is expected to report a jump of almost 33% in net income for the April-June quarter — the biggest rise in three years.
Live Events
The company's core oil-to-chemicals business will benefit from elevated refining margins, while its telecom business Jio is expected to report improvement in average revenue per user as well as expansion in subscribers, said Harshraj Aggarwal, an analyst with Yes Securities India Ltd.
Out of 37 analysts tracking Reliance, only two have a sell call while one recommends a hold, according to data compiled by Bloomberg. The consensus price target for the stock is 1,577 rupees, representing a 7% upside from Thursday's close.
'While some near-term consolidation is possible, the overall technical setup remains favourable for continued upside,' said Ajit Mishra, an analyst at Religare Broking Ltd. 'A sustained move above 1,500–1,520 rupees could trigger the next leg of the rally, potentially pushing the stock toward the 1,600–1,620 rupees range.'
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
29 minutes ago
- Time of India
'Trials get dragged for years in India ...': Another AI crash victim's kin moves US court; seeks info from the black-box
NEW DELHI: Son of a Ahmadabad plane crash victim has moved US federal court against aircraft manufacturing company Boeing and sought "raw details of information from the black-box. " Hir Prajapati, son of victim Kalpana Ben Prajapati said that he filed the suit in US for an early verdict and cases in India get dragged for years. "We have hired Mike Andrews. We expect the raw details of information from the black-box to come before us at the earliest so that we can make further decisions regarding the next course of steps, along with our lawyer," Hir said. "In India, trials get dragged for years. We are fighting the case in the US so that a decision is pronounced early. We believe we will get justice. When the incident happened, the Govt helped us a lot. Police too helped us. We are thankful to the doctors too who handed over the bodies to us after a swift DNA mother, Kalpana Ben Prajapati, died in the accident. I had initially booked a 9th June flight for her but she had fast and she told me that she cannot travel that day. So, I then rescheduled it to 11th June. But she told me that she doesn't want to travel on an odd date. So, I finally booked a ticket for 12th June," he added Meanwhile, prominent US-based law firm Beasley Allen will represent at least 65 families from India and the US whose relatives died in the AI-171 plane crash in Ahmedabad. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Do you have a mouse? Play this for 1 minute and see why everyone is crazy about it. Play Game Undo The law firm's aviation attorney and the lead lawyer for the AI-171 crash, Mike Andrews, is on a visit to India to meet families. He visited the plane crash site in Ahmedabad. Talking to media persons, Andrews said that the families he met in the UK and India expressed a burning desire for answers, transparency, and information. Andrews said that the legal options available to the family will primarily be based on what data shows and what the investigation reveals. "We visited the crash site and spoke with some of the individuals who were there. We were able to take some photographs and get a feeling of the size of the scene," said Andrews. The Boeing 787-8 plane en route to London from Ahmedabad crashed into a medical hostel shortly after take-off, killing 241 out of 242 people onboard and 19 on the ground. Andrews said that the data will give them an idea of which entity may or may not be responsible for the crash. He added that if Boeing is found to be responsible for this crash, the cases will be filed in the Federal court in the US. When asked about reports of a pilot error being responsible for the incident, Andrews said that more often than not, pilots who are deceased are the ones who are blamed. He added that in other incidents where the planes landed safely, the pilots were not blamed because those pilots can still speak for themselves. Andrews said that previous crashes taught us that the rush to reach a judgement on any crash is premature and speculative. "We need to wait to get all of the data," he said.
Time of India
31 minutes ago
- Time of India
Chapter 31 VA benefits denied? Here's how veterans can reclaim support and navigate 2025 payment updates
Veterans relying on Chapter 31 benefits—also known as Vocational Rehabilitation and Employment (VR&E)—face a frustrating reality when their application for an upgrade or correction is denied. With thousands of veterans turning to the Department of Veterans Affairs (VA) each year for career support and disability accommodations, a denial can feel like a major setback. Why was my Chapter 31 upgrade or correction application denied? When the VA turns down an upgrade or correction request for Chapter 31 benefits, the denial letter typically spells out the reasons. Common causes include insufficient documentation of a service-connected employment handicap, missing or incomplete information, or time limits for eligibility that have passed. In some cases, errors or oversights by Vocational Rehabilitation Counselors can lead to an unjust denial. Finance Value and Valuation Masterclass - Batch 4 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program Finance Value and Valuation Masterclass - Batch 3 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals By Vaibhav Sisinity View Program Finance Value and Valuation Masterclass - Batch 2 By CA Himanshu Jain View Program Finance Value and Valuation Masterclass Batch-1 By CA Himanshu Jain View Program According to veteran advocates, these denial reasons are often technical rather than substantive—meaning they can be addressed with the right evidence or procedural approach. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Undo Can you reapply for Chapter 31 benefits after denial? Veterans can reapply if their circumstances have changed or if they can supply new evidence supporting their claim. However, experts recommend submitting the original claim with the requested corrections rather than a completely new application to avoid confusion and processing delays. For example, if your denial was due to identity verification issues or missing medical records, gathering and resubmitting those documents promptly is critical. Reapplication timelines vary, but acting quickly increases the chances of a favorable outcome. Live Events What appeal options exist for denied Chapter 31 claims? Veterans who disagree with the VA's denial can appeal through multiple channels. One primary option is the Higher-Level Review, which entails a new VA reviewer re-examining your file for errors or overlooked facts. This review does not accept new evidence but focuses on whether the original decision was correct. Alternatively, veterans can file a Supplemental Claim if they have new and relevant evidence that was not part of the initial decision. This pathway allows fresh documentation to be considered and often leads to quicker resolutions than full Board of Veterans Appeals hearings. How can Veterans Service Organizations help with the process? Veterans Service Organizations (VSOs) play a crucial role in guiding veterans through the complex VA benefits system. These organizations assist with paperwork, help gather essential documentation, and provide representation during appeals or hearings. Engaging a reputable VSO can improve the quality of your application or appeal and often leads to higher success rates. Many VSOs offer free services, making them accessible lifelines for veterans seeking to navigate denials effectively. Where can veterans get direct assistance from the VA? For personalized support, veterans should contact the VA directly via their toll-free hotline at 1-800-827-1000 (TTY: 711) or visit VA representatives can clarify the reasons behind a denial and explain what documentation or steps are needed to proceed. Additionally, many VA regional offices offer in-person counseling to help veterans understand their benefit options and appeal rights. What can veterans do to strengthen future Chapter 31 applications? Preparing a thorough and well-documented application is the best defense against denial. Veterans should gather comprehensive medical evidence detailing service-connected disabilities, clearly show how these impact employment capabilities, and include updated vocational assessments. Regular follow-up with a vocational rehabilitation counselor or VSO ensures that your case is consistently monitored and supported with the latest information, improving your chances for approval. Why Chapter 31 benefits matter Chapter 31 benefits offer critical pathways for disabled veterans to regain independence through job training, education, and employment support. Navigating denials and appeals can be daunting, but veterans who persist and utilize available resources often find success. With nearly 80,000 veterans enrolled in VR&E programs annually, ensuring access to these benefits not only changes individual lives but also strengthens communities nationwide. FAQs: What should I do if my Chapter 31 VA benefits upgrade is denied? Review the denial reasons, gather new evidence, and consider appealing or reapplying promptly. Can Veterans Service Organizations help with Chapter 31 claim denials? Yes, VSOs provide free help with paperwork, appeals, and guidance to improve your claim chances.
Time of India
33 minutes ago
- Time of India
Canada charts an Express Entry reset for 2026: A ‘leadership and innovation' category to be introduced
This is an AI-generated image, used for representational purposes only. Immigration, Refugees and Citizenship Canada (IRCC), the immigration agency of the Canadian government, has issued a draft for public consultation focused on the future of the Express Entry system, which is a popular pathway to permanent residency, especially for Indians. As per the discussion draft, the Express Entry system would continue to focus on addressing long-term labour market shortages and bolstering Francophone immigration outside Quebec. The most significant proposal is the introduction of an entirely new stream – the 'Leadership and Innovation' category, which would give preference to senior managers, researchers, and scientists with the potential to drive Canada's competitiveness. Through the Express Entry system, Canada is also eyeing potential talent for its armed forces by facilitating the recruitment of highly skilled military personnel from allied countries. Such a move, IRCC's discussion paper states, would help maintain a 'robust, world-class' defence force. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The state of AI infrastructure: 2025 research report CIO | Google Cloud, AMD Undo Express Entry is Canada's point-based mechanism used to manage immigration applications for skilled workers who want to become permanent residents. Based on various parameters such as age, education, French language proficiency etc, candidates are given a Comprehensive Ranking Score (CRS). Post this, they are placed in the Express Entry pool and ranked relative to each other. Periodical draws (the emphasis is now on category-based draws) are held and those attaining the cut-off CRS score get an invitation to apply for permanent residency. According to Talha Mohani, a regulated Canadian immigration consultant and managing partner at Migration Bureau Canada, the policies should also focus on job creation. 'The 'Leadership and Innovation' category must explicitly include proven entrepreneurs and investor founders. The Express Entry's category mechanism should ideally invite higher-impact business immigrants (senior managers, founders with traction, investor families) into dedicated draws. In parallel, there is a need to introduce a 'temporary business resident pathway' granting temporary status with healthcare and education access to dependents while the entrepreneur meets measurable milestones (based on job creation and/or investments) to achieve permanent residence,' he told TOI. Labour shortages remain a priority: The discussion draft acknowledges Canada's ongoing struggle to fill skilled positions in healthcare, the skilled trades (particularly construction roles critical to boosting housing supply), education, science, technology, engineering and mathematics (STEM) fields, and agriculture. It adds that tackling these shortages is vital. Through the consultation process, IRCC is seeking input on whether Express Entry should focus more on transitioning skilled temporary residents already in Canada to permanent status, or on recruiting from overseas, especially in sectors such as healthcare and skilled trades. According to Ken Nickel-Lane, a regulated Canadian immigration consultant and founder of an immigration services firm, 'The focus on those already in Canada already continues to make good sense, given issues around housing and healthcare. Category-based selection draws are still fundamentally a good approach to addressing near-term needs for specific skills shortages across the country, but the categories should be reviewed more frequently.' In March 2025, Canada removed the additional Comprehensive Ranking System (CRS) points awarded for job offers under the Express Entry system. Prior to this change, job offers could grant candidates either 50 or 200 extra points Nickel-Lane states that'Prioritising the selection of senior managers should not merely translate to creating another category for Express Entry draws for those outside Canada. Rather, points for job offers should be resumed for those already in the country on work permits under the International Mobility Program - these are the people companies need here long term to build on their growth plans.' Francophone immigration targets: The discussion draft reaffirms Canada's commitment to boosting Francophone immigration outside Quebec, which the government sees as a driver of both cultural diversity and economic strength. Manish Kapoor, a regulated Canadian immigration consultant, points out that since the introduction of category-based draws in 2023, the Francophone stream has grown at the fastest pace, recording the highest numbers within category-based selection and accounting for a substantial portion of immigration targets. 'While I do not oppose this focus, I suggest reinstating transport occupations in the category-based draws, as its contributions to the national economy are significant. I believe IRCC should consider adjusting next year's targets to conduct STEM, transport, and trades draws,' he told TOI. The road ahead: IRCC is calling for public feedback on these proposals through September, with final decisions expected in late fall 2025, parallel to the unveiling of the 2026–2028 Immigration Levels Plan. The immigration levels plan at present has set the targets at 3.95 lakh permanent residents in 2025; 3.80 lakh for 2026; and aims to have a further reduced target of 3.65 lakh in 2027. It also supports efforts to reduce temporary resident volumes to 5% of Canada's population by the end of 2026. The number of temporary residents in Canada has grown exponentially over the last few years, from about 437,000 individuals in 2019 alone to about 1.2 million (12 lakhs) in 2023.
