Latest news with #JioAirFiber
Time of India
4 days ago
- Business
- Time of India
Bernstein raises Reliance Industries target price to ₹1,640, citing 3-year low valuation
Seeing a 3-year low valuation in Reliance Industries Ltd (RIL) shares, global brokerage firm Bernstein has raised its target price on the stock to ₹1,640, implying a potential upside of 15.4% from the stock's previous close, while maintaining an 'outperform' rating on the should also be noted that Bernstein's target price on the stock is even higher than the latter's 52-week high of ₹1,608.95 on the BSE. The revision in the target price comes on the back of the brokerage firm citing strengthening growth momentum, an improving earnings outlook, coupled with supportive valuations. Bernstein noted that Reliance is nearing the end of a major store rationalization cycle in its retail segment, which involved the closure of over 2,100 underperforming stores in FY2025. With that process largely complete, the brokerage expects a shift from aggressive expansion to steady revenue and EBITDA growth. Bernstein has projected a compound annual growth rate (CAGR) of 16% and 20% for revenue and EBITDA, respectively, over FY2025–27 in the retail segment. On the telecom front, continued tariff repair is expected to support earnings growth. Bernstein forecasts 13% CAGR in revenue for Jio over the next two years, supported by rising ARPU (average revenue per user) and further rollout of Jio AirFiber. The brokerage anticipates subscriber additions and growing broadband adoption to drive further gains, with Jio expected to reach a subscriber base of 500 million and a market share of 48% by FY27. In the new energy segment, Reliance's ventures in solar, battery, electrolyzers, and fuel cells are gaining traction. The company has commenced operations with a 1GW production line and aims to reach 10GW capacity by 2026. Bernstein highlighted this segment as a long-term growth pillar, supported by the company's planned investment of US$2 trillion through 2050.' Also read: No betting on market till July; AI companies to take a couple of years to take off in India: Ajay Bagga Bernstein also underlined Reliance's disciplined approach to capital allocation, with capital expenditure moderating and the net debt to EBITDA ratio remaining flat in FY2025. At a current 10.1x one-year forward EV/EBITDA multiple, the stock trades at a 15% discount to its three-year average valuation, making the risk-reward ratio attractive, the brokerage said. Around 12:40 pm today, the shares of Reliance Industries were trading 0.89% lower at ₹1,408.10 on the BSE.
Time of India
4 days ago
- Business
- Time of India
Bernstein raises Reliance Industries target price to Rs 1,640, citing 3-year low valuation
Bernstein has raised its target price for Reliance Industries to Rs 1,640, citing strengthening growth momentum and an improving earnings outlook. Global brokerage firm Bernstein has increased its target price for Reliance Industries shares. The new target is Rs 1,640, suggesting a potential 15.4% upside. The firm maintains an 'outperform' rating. This revision is due to growth momentum and an improved earnings outlook. Reliance is nearing the end of its store rationalization. Telecom is expected to support earnings growth. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Seeing a 3-year low valuation in Reliance Industries Ltd (RIL) shares, global brokerage firm Bernstein has raised its target price on the stock to Rs 1,640, implying a potential upside of 15.4% from the stock's previous close, while maintaining an 'outperform' rating on the should also be noted that Bernstein's target price on the stock is even higher than the latter's 52-week high of Rs 1,608.95 on the revision in the target price comes on the back of the brokerage firm citing strengthening growth momentum, an improving earnings outlook, coupled with supportive noted that Reliance is nearing the end of a major store rationalization cycle in its retail segment, which involved the closure of over 2,100 underperforming stores in FY2025. With that process largely complete, the brokerage expects a shift from aggressive expansion to steady revenue and EBITDA growth. Bernstein has projected a compound annual growth rate (CAGR) of 16% and 20% for revenue and EBITDA, respectively, over FY2025–27 in the retail the telecom front, continued tariff repair is expected to support earnings growth. Bernstein forecasts 13% CAGR in revenue for Jio over the next two years, supported by rising ARPU (average revenue per user) and further rollout of Jio AirFiber. The brokerage anticipates subscriber additions and growing broadband adoption to drive further gains, with Jio expected to reach a subscriber base of 500 million and a market share of 48% by the new energy segment, Reliance's ventures in solar, battery, electrolyzers, and fuel cells are gaining traction. The company has commenced operations with a 1GW production line and aims to reach 10GW capacity by 2026. Bernstein highlighted this segment as a long-term growth pillar, supported by the company's planned investment of US$2 trillion through 2050.'Bernstein also underlined Reliance's disciplined approach to capital allocation, with capital expenditure moderating and the net debt to EBITDA ratio remaining flat in FY2025. At a current 10.1x one-year forward EV/EBITDA multiple, the stock trades at a 15% discount to its three-year average valuation, making the risk-reward ratio attractive, the brokerage 12:40 pm today, the shares of Reliance Industries were trading 0.89% lower at Rs 1,408.10 on the BSE.
Economic Times
4 days ago
- Business
- Economic Times
Bernstein raises Reliance Industries target price to Rs 1,640, citing 3-year low valuation
Bernstein has raised its target price for Reliance Industries to Rs 1,640, citing strengthening growth momentum and an improving earnings outlook. Global brokerage firm Bernstein has increased its target price for Reliance Industries shares. The new target is Rs 1,640, suggesting a potential 15.4% upside. The firm maintains an 'outperform' rating. This revision is due to growth momentum and an improved earnings outlook. Reliance is nearing the end of its store rationalization. Telecom is expected to support earnings growth. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Seeing a 3-year low valuation in Reliance Industries Ltd (RIL) shares, global brokerage firm Bernstein has raised its target price on the stock to Rs 1,640, implying a potential upside of 15.4% from the stock's previous close, while maintaining an 'outperform' rating on the should also be noted that Bernstein's target price on the stock is even higher than the latter's 52-week high of Rs 1,608.95 on the revision in the target price comes on the back of the brokerage firm citing strengthening growth momentum, an improving earnings outlook, coupled with supportive noted that Reliance is nearing the end of a major store rationalization cycle in its retail segment, which involved the closure of over 2,100 underperforming stores in FY2025. With that process largely complete, the brokerage expects a shift from aggressive expansion to steady revenue and EBITDA growth. Bernstein has projected a compound annual growth rate (CAGR) of 16% and 20% for revenue and EBITDA, respectively, over FY2025–27 in the retail the telecom front, continued tariff repair is expected to support earnings growth. Bernstein forecasts 13% CAGR in revenue for Jio over the next two years, supported by rising ARPU (average revenue per user) and further rollout of Jio AirFiber. The brokerage anticipates subscriber additions and growing broadband adoption to drive further gains, with Jio expected to reach a subscriber base of 500 million and a market share of 48% by the new energy segment, Reliance's ventures in solar, battery, electrolyzers, and fuel cells are gaining traction. The company has commenced operations with a 1GW production line and aims to reach 10GW capacity by 2026. Bernstein highlighted this segment as a long-term growth pillar, supported by the company's planned investment of US$2 trillion through 2050.'Bernstein also underlined Reliance's disciplined approach to capital allocation, with capital expenditure moderating and the net debt to EBITDA ratio remaining flat in FY2025. At a current 10.1x one-year forward EV/EBITDA multiple, the stock trades at a 15% discount to its three-year average valuation, making the risk-reward ratio attractive, the brokerage 12:40 pm today, the shares of Reliance Industries were trading 0.89% lower at Rs 1,408.10 on the BSE.
India Gazette
29-05-2025
- Business
- India Gazette
Reliance Jio leads April subscriber gains, strengthens 5G FWA dominance: TRAI data
New Delhi [India] May 29 (ANI): Reliance Jio continued its strong subscriber momentum in April 2025, adding 2.6 million new subscribers and a robust 5.5 million active users, according to the latest telecom subscription data released by the Telecom Regulatory Authority of India (TRAI). The telecom giant further cemented its dominance in the 5G Fixed Wireless Access (FWA) segment, holding an 81.9 per cent market share. The telecom industry overall added 1.9 million subscribers in April, maintaining positive momentum following SIM consolidation in the wake of the July 2024 tariff hike. Between July and November 2024, the sector had lost 21.9 million subscribers due to consolidation, particularly in the lower Average Revenue Per User (ARPU) segment. Jio's subscriber additions improved from 2.2 million in March and 1.8 million in February to 2.6 million in April. The operator's active subscriber base also surged by 5.5 million, a sharp uptick from 5.0 million in March and only marginal gains in the two months before that. Consequently, Jio's Visitor Location Register (VLR) ratio--a key indicator of active users--rose to 96.6% in April, up from 96.0 per cent in March. Bharti Airtel's subscriber growth slowed as per the data shows. The company added just 0.2 million new users in April, compared to 1.3 million in March. The company saw 4.1 million decline in its active subscriber base, a reversal from gains in the previous three months. However, Bharti retained the highest VLR ratio at 98.9 per cent. The third major player in the space, Vodafone Idea (VIL) continued to struggle, losing 0.6 million subscribers in April, along with a 1.1 million drop in active users. The telecom also saw a significant decline of 0.8 million in mobile broadband subscribers. Its VLR ratio stood at 85.1 per cent. BSNL lost 0.2 million overall subscribers and 1.8 million active subscribers in April, with the lowest VLR ratio at 61.4 per cent. Jio added 0.57 million new 5G FWA subscribers in April, up from 0.33 million in March, driven by aggressive expansion of its JioAirFiber service, now available in over 5,900 towns and cities across India. The company maintained a commanding 81.9% share in the 5G FWA market. Bharti Airtel added 0.16 million subscribers in the same segment, maintaining its 18.1 per cent share. In the Machine-to-Machine (M2M) segment, Bharti continued to lead with a 53.3 per cent market share, followed by Vodafone Idea at 23.6 per cent. Jio's market share remained largely steady at 18.2 per cent in April, compared to 18.3 per cent in March. TRAI noted that Mobile Broadband (MBB) and Fiber-to-the-Home (FTTH) subscriber data for Jio and Bharti from December 2024 onward remains unavailable, and April figures are based on the last reported data from November 2024. (ANI)
India.com
29-05-2025
- Business
- India.com
Mukesh Ambani beats Sunil Mittal as Jio races ahead of Airtel in..., it crosses...
Bad news for customers of Jio, Airtel and Vodafone as Mukesh Ambani, Sunil Mittal plan to... Good news for Mukesh Ambani as Reliance Jio led the charts with the highest number of new subscribers. Telecom Regulatory Authority of India (TRAI) has announced the subscriber figures for April. As per the list, the state-run BSNL experienced a decrease in its mobile subscriber numbers. In April, Reliance Jio, led by Mukesh Ambani, continued its strong subscriber momentum in April 2025, adding 2.6 million new subscribers and a robust 5.5 million active users, according to the latest telecom subscription data released by the Telecom Regulatory Authority of India (TRAI). The telecom giant further cemented its dominance in the 5G Fixed Wireless Access (FWA) segment, holding an 81.9 per cent market share. The telecom industry overall added 1.9 million subscribers in April, maintaining positive momentum following SIM consolidation in the wake of the July 2024 tariff hike. Between July and November 2024, the sector had lost 21.9 million subscribers due to consolidation, particularly in the lower Average Revenue Per User (ARPU) segment. Jio's subscriber additions improved from 2.2 million in March and 1.8 million in February to 2.6 million in April. The operator's active subscriber base also surged by 5.5 million, a sharp uptick from 5.0 million in March and only marginal gains in the two months before that. Consequently, Jio's Visitor Location Register (VLR) ratio–a key indicator of active users–rose to 96.6% in April, up from 96.0 per cent in Airtel's subscriber growth slowed as per the data shows. The company added just 0.2 million new users in April, compared to 1.3 million in March. The company saw 4.1 million decline in its active subscriber base, a reversal from gains in the previous three months. However, Bharti retained the highest VLR ratio at 98.9 per cent. The third major player in the space, Vodafone Idea (VIL) continued to struggle, losing 0.6 million subscribers in April, along with a 1.1 million drop in active users. The telecom also saw a significant decline of 0.8 million in mobile broadband subscribers. Its VLR ratio stood at 85.1 per cent. BSNL lost 0.2 million overall subscribers and 1.8 million active subscribers in April, with the lowest VLR ratio at 61.4 per cent. Jio added 0.57 million new 5G FWA subscribers in April, up from 0.33 million in March, driven by aggressive expansion of its JioAirFiber service, now available in over 5,900 towns and cities across India. The company maintained a commanding 81.9% share in the 5G FWA market. Bharti Airtel added 0.16 million subscribers in the same segment, maintaining its 18.1 per cent share. In the Machine-to-Machine (M2M) segment, Bharti continued to lead with a 53.3 per cent market share, followed by Vodafone Idea at 23.6 per cent. Jio's market share remained largely steady at 18.2 per cent in April, compared to 18.3 per cent in March. TRAI noted that Mobile Broadband (MBB) and Fiber-to-the-Home (FTTH) subscriber data for Jio and Bharti from December 2024 onward remains unavailable, and April figures are based on the last reported data from November 2024.
