Latest news with #HarshrajAggarwal
Time of India
18-07-2025
- Business
- Time of India
Reliance's $40 billion gain fuels best run over Nifty since 2020
Reliance Industries Ltd .'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. 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. 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. 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, 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 could trigger the next leg of the rally, potentially pushing the stock toward the ₹1,600–1,620 range.'
Economic Times
18-07-2025
- Business
- Economic Times
Reliance's $40 billion gain fuels best run over Nifty since 2020
Reliance Industries Ltd.'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. ADVERTISEMENT 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. 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. 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. 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. ADVERTISEMENT 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.' (You can now subscribe to our ETMarkets WhatsApp channel)
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Business Standard
18-07-2025
- Business
- Business Standard
Reliance outperforms Nifty with $40 bn gain in best run since 2020
Reliance Industries Ltd.'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 per cent this year, compared with a 6 per cent 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. 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. In its earnings due later Friday, the company is expected to report a jump of almost 33 per cent in net income for the April-June quarter — the biggest rise in three years. 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 per cent upside from Thursday's close. 'While some near-term consolidation is possible, the overall technical setup remains favorable 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 range.'
Time of India
18-07-2025
- Business
- Time of India
Reliance's $40 billion gain fuels best run over Nifty since 2020
Reliance Industries Ltd .'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.'
