Latest news with #Rs273
Economic Times
22-07-2025
- Business
- Economic Times
Will Reliance shares deliver bumper returns for 48 lakh shareholders? 3 game-changing triggers ahead
Despite recent investor disappointment with Q1 results, Reliance Industries (RIL) is poised for significant growth, according to major brokerages. Jio's rising ARPU through tariff hikes, the ambitious new energy business entering execution phase, and the potential Jio IPO are key catalysts. Analysts project substantial value creation, with targets indicating confidence in RIL's transformation. Tired of too many ads? Remove Ads Here are 3 growth triggers that can ignite a rally in RIL shares: 1) Jio's ARPU Explosion Through Strategic Tariff Hikes Tired of too many ads? Remove Ads 2) New Energy Business: The Next Opportunity Tired of too many ads? Remove Ads 3) Jio IPO: The Ultimate Value Crystallization Event While billionaire Mukesh Ambani-led Reliance Industries RIL ) disappointed investors with Q1 results that fell short of street expectations, leading to sharp selling pressure after a blistering 25% rally from March lows, major brokerages see a perfect storm of growth catalysts brewing that could trigger substantial value creation in the months mixed street reaction tells the tale of two stories: Kotak Equities downgraded the blue-chip Nifty heavyweight to 'Add' from 'Buy,' while global giants JP Morgan and Jefferies boldly upgraded their target prices by 8% and 5% respectively, signaling confidence in the oil-to-telecom giant's transformation delivered a "strong beat on higher margins" with ARPU climbing 1.3% quarter-on-quarter to ₹208.8 per month, according to Bernstein. But the real fireworks are yet to come."Over FY25-28, we expect Jio's ARPU to rise at 11% CAGR to Rs273, led by three tariff hikes of 10% each in end-2QFY26/27/28," Jefferies analysts project, with rising share of higher-ARPU home broadband users providing additional telecom powerhouse added 498.1 million subscribers (+1.7% QoQ) with EBITDA margins surging to 51.8% (170bps QoQ), as consolidated revenue hit ₹410.5 billion (+18.8% YoY).RIL's ambitious new energy push is entering the critical execution phase, with management expecting "Giga factories/new energy projects (Polysilicon, wafer, cell, module, batteries) to be completed in the next four to six quarters."The scale is staggering: "Reliance gigacomplex will be the largest end-to-end renewable energy manufacturing 4x of Tesla giga factory," Bernstein notes. The company plans to commission solar/cell capacities by March next year, with the 7,000-acre Kutch site having "potential to produce 125GW of power."Nuvama's analysis reveals the hidden value bomb: "Drawing a solar module/cell capacity comparison with Waaree (13.3/5.4GW) and Premier (4/3.2GW), whose EVs are ~$10 bn and $6 bn, respectively, RIL's 20GW fully integrated solar equipment manufacturing facility could potentially translate to a much higher EV."The numbers are eye-popping: "Ascribing a 15x EV/EBITDA to RIL's modules business (20GW capacity) yields an EV of USD20bn, which could trigger a valuation re-rating for RIL's stock price—similar to the trend seen following RJIO's launch in 2017."This fundamental shift in RIL's business model is reshaping its investment appeal. "Prior to venturing into retail/telecom, RIL's earnings growth was determined by either: a) capex (new refining/chemical capacities), or b) margin cycles," JP Morgan notes. "Reliance Retail + Telecom now account for ~54% of total FY25 consolidated EBITDA."The new energy vertical adds another dimension: "RIL's New Energy rollout shall not only add 50%-plus to PAT, but also re-rate valuations, including the O2C business given its net zero-carbon target by 2035," according to much-anticipated Jio IPO, though "pushed beyond 2025," remains the ace up RIL's sleeve for unlocking massive shareholder value. JP Morgan values Reliance Retail at $121 billion, trading at ~32x FY27E EBITDA—significantly below DMART's 42x multiple."Any crystallization of this retail valuation upside – through an IPO process or through further stake sales – could lead to further upside in RIL's stock," JP Morgan analysts confidence is palpable: "We expect Reliance's consolidated Ebitda to improve significantly in the near future, led by increasing share of Jio and Retail." The brokerage sees RIL's "conservative valuation" as making it "an attractive bet for most large cap portfolios" in an "otherwise extended valuation of the Indian market."JP Morgan's investment thesis is equally compelling: "In a market where most stocks are trading well above historical valuations, Reliance's fair relative valuations are an attraction." The firm expects RIL to "deliver positive free cash flow" with an EBITDA run-rate of approximately $20 billion reinforces the bullish narrative: "The stock currently trades at 12.1x and 23.3x FY27F EV/EBITDA and P/E, respectively. We reiterate our Buy rating for RIL."Investors will now laser-focus on the upcoming AGM within two months, looking for "further announcements on growth plans in FMCG, the ramp-up of new energy facilities, the expansion of the media business, acceleration of growth in Retail, the ramp-up of subscriber additions and monetisation for Jio along and the IPO of Jio."With RIL targeting to "double the size of its Jio and Retail businesses" alongside the new energy ramp-up "to the size of its O2C business," the company's ambitious goal of "doubling Reliance's size by the end of FY30" suddenly appears within striking distance, according to RIL's 48 lakh shareholders weathering the current volatility, the message from Street's finest is clear: the best may be yet to come.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
22-07-2025
- Business
- Time of India
Will Reliance shares deliver bumper returns for 48 lakh shareholders? 3 game-changing triggers ahead
Despite recent investor disappointment with Q1 results, Reliance Industries (RIL) is poised for significant growth, according to major brokerages. Jio's rising ARPU through tariff hikes, the ambitious new energy business entering execution phase, and the potential Jio IPO are key catalysts. Analysts project substantial value creation, with targets indicating confidence in RIL's transformation. Tired of too many ads? Remove Ads Here are 3 growth triggers that can ignite a rally in RIL shares: 1) Jio's ARPU Explosion Through Strategic Tariff Hikes Tired of too many ads? Remove Ads 2) New Energy Business: The Next Opportunity Tired of too many ads? Remove Ads 3) Jio IPO: The Ultimate Value Crystallization Event While billionaire Mukesh Ambani-led Reliance Industries RIL ) disappointed investors with Q1 results that fell short of street expectations, leading to sharp selling pressure after a blistering 25% rally from March lows, major brokerages see a perfect storm of growth catalysts brewing that could trigger substantial value creation in the months mixed street reaction tells the tale of two stories: Kotak Equities downgraded the blue-chip Nifty heavyweight to 'Add' from 'Buy,' while global giants JP Morgan and Jefferies boldly upgraded their target prices by 8% and 5% respectively, signaling confidence in the oil-to-telecom giant's transformation delivered a "strong beat on higher margins" with ARPU climbing 1.3% quarter-on-quarter to ₹208.8 per month, according to Bernstein. But the real fireworks are yet to come."Over FY25-28, we expect Jio's ARPU to rise at 11% CAGR to Rs273, led by three tariff hikes of 10% each in end-2QFY26/27/28," Jefferies analysts project, with rising share of higher-ARPU home broadband users providing additional telecom powerhouse added 498.1 million subscribers (+1.7% QoQ) with EBITDA margins surging to 51.8% (170bps QoQ), as consolidated revenue hit ₹410.5 billion (+18.8% YoY).RIL's ambitious new energy push is entering the critical execution phase, with management expecting "Giga factories/new energy projects (Polysilicon, wafer, cell, module, batteries) to be completed in the next four to six quarters."The scale is staggering: "Reliance gigacomplex will be the largest end-to-end renewable energy manufacturing 4x of Tesla giga factory," Bernstein notes. The company plans to commission solar/cell capacities by March next year, with the 7,000-acre Kutch site having "potential to produce 125GW of power."Nuvama's analysis reveals the hidden value bomb: "Drawing a solar module/cell capacity comparison with Waaree (13.3/5.4GW) and Premier (4/3.2GW), whose EVs are ~$10 bn and $6 bn, respectively, RIL's 20GW fully integrated solar equipment manufacturing facility could potentially translate to a much higher EV."The numbers are eye-popping: "Ascribing a 15x EV/EBITDA to RIL's modules business (20GW capacity) yields an EV of USD20bn, which could trigger a valuation re-rating for RIL's stock price—similar to the trend seen following RJIO's launch in 2017."This fundamental shift in RIL's business model is reshaping its investment appeal. "Prior to venturing into retail/telecom, RIL's earnings growth was determined by either: a) capex (new refining/chemical capacities), or b) margin cycles," JP Morgan notes. "Reliance Retail + Telecom now account for ~54% of total FY25 consolidated EBITDA."The new energy vertical adds another dimension: "RIL's New Energy rollout shall not only add 50%-plus to PAT, but also re-rate valuations, including the O2C business given its net zero-carbon target by 2035," according to much-anticipated Jio IPO, though "pushed beyond 2025," remains the ace up RIL's sleeve for unlocking massive shareholder value. JP Morgan values Reliance Retail at $121 billion, trading at ~32x FY27E EBITDA—significantly below DMART's 42x multiple."Any crystallization of this retail valuation upside – through an IPO process or through further stake sales – could lead to further upside in RIL's stock," JP Morgan analysts confidence is palpable: "We expect Reliance's consolidated Ebitda to improve significantly in the near future, led by increasing share of Jio and Retail." The brokerage sees RIL's "conservative valuation" as making it "an attractive bet for most large cap portfolios" in an "otherwise extended valuation of the Indian market."JP Morgan's investment thesis is equally compelling: "In a market where most stocks are trading well above historical valuations, Reliance's fair relative valuations are an attraction." The firm expects RIL to "deliver positive free cash flow" with an EBITDA run-rate of approximately $20 billion reinforces the bullish narrative: "The stock currently trades at 12.1x and 23.3x FY27F EV/EBITDA and P/E, respectively. We reiterate our Buy rating for RIL."Investors will now laser-focus on the upcoming AGM within two months, looking for "further announcements on growth plans in FMCG, the ramp-up of new energy facilities, the expansion of the media business, acceleration of growth in Retail, the ramp-up of subscriber additions and monetisation for Jio along and the IPO of Jio."With RIL targeting to "double the size of its Jio and Retail businesses" alongside the new energy ramp-up "to the size of its O2C business," the company's ambitious goal of "doubling Reliance's size by the end of FY30" suddenly appears within striking distance, according to RIL's 48 lakh shareholders weathering the current volatility, the message from Street's finest is clear: the best may be yet to come.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Express Tribune
27-03-2025
- Politics
- Express Tribune
Officers occupy women's hostels
The Public Accounts Committee (PAC) of the Sindh Assembly has ordered the immediate dispossession of the women's hostels occupied by government officials, including DIGs, DC, and education officers. The Women Development Department (WDD) has set up 11 hostels for working women in different districts of the province. However, the government officials have reportedly set up their offices in these hostels. The issue was raised during a PAC meeting on Wednesday, chaired by Nisar Khuhro and attended by PAC member Qasim Siraj Soomro, WDD Secretary Abdul Rasheed Zardari, and relevant departmental officials. The committee was reviewing audit objections related to the WDD's fiscal expenditures for the years 2019 and 2020, during which the matter of unauthorised office occupations in women's hostels came up for discussion. The WDD secretary informed the PAC that despite the hostels being intended for the accommodation of working women, various officials, including Sukkur's SC, have established their offices in these facilities. The DC's office has been set up in the Women Development Complex in Sukkur, while a DIG has occupied a women's hostel in Nawabshah. Similar encroachments have been reported in other districts. The PAC chairman, taking serious notice of these violations, ordered the immediate removal of all unauthorised offices and officials from the women's hostels across Sindh. He stressed the importance of restoring control of these facilities to the Women Development Department for their intended purpose. Further scrutiny by the PAC revealed concerns over the expenditure of Rs273 million on the Working Women Hostel in Shaheed Benazirabad, the Women Development Complex in Sukkur, and various other women's development projects. The committee also called for an investigation into the acquisition of land for the Women's Complex in Sukkur, questioning why private land was purchased instead of acquiring government land, which led to an additional cost of Rs210 million for its construction.
Express Tribune
24-03-2025
- Business
- Express Tribune
Gold prices range-bound amid selling pressure
In recent weeks, buoyant gold prices have remained range-bound in Pakistan, rising by only Rs600 on Monday, reflecting a similar trend in the international market and reaching Rs318,600 per tola. The price of 10-gram gold stood at Rs273,148 after a gain of Rs515, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). International gold prices for Pakistan also saw a modest rise. As per APGJSA, the global gold rate stood at $3,027 per ounce (including a $20 premium), marking an increase of $5 during the day. Despite the mild rise, market analyst Adnan Agar, Director of Interactive Commodities, highlighted the downward pressure in the market. He noted that gold opened at $3,024 per ounce, peaked at $3,033, and later dropped to $3,007. According to Agar, the market is experiencing selling pressure, and if the price closes below $3,000, it could decline further to $2,960. He emphasised that the market's movement beyond this level will be crucial in determining the next trend. Globally, gold prices dropped on Monday as the dollar touched an over two-week high, while investors assessed US President Donald Trump's more cautious stance on tariffs against trading partners. Spot gold fell 0.4% to $3,010.33 an ounce, while US gold futures edged down 0.2% to $3,015.50. "We've hit record after record, and now the market is just consolidating these gains, which is reinforced by a somewhat higher US dollar," said Bart Melek, head of commodity strategies at TD Securities. Gold, traditionally seen as a hedge against geopolitical and economic uncertainties and often thriving in a low-interest-rate environment, has hit 16 record highs this year and reached an all-time peak of $3,057.21 last week. The US dollar rose 0.2%, hitting an over two-week high and making greenback-priced bullion more expensive for overseas buyers. Trump hinted on Friday that there would be some flexibility regarding reciprocal tariffs set to take effect on April 2, which are expected to drive inflation and hinder economic growth. Meanwhile, the Pakistani rupee experienced a slight decline against the US dollar, depreciating by 0.04% in the inter-bank market on Monday. By the close of the trading session, the rupee settled at 280.37, down by 11 paisa against the greenback. In the previous week, the local currency remained relatively stable, closing at 280.26a marginal drop of 4 paisa (0.01%) compared to 280.22 in the prior week, according to data from the State Bank of Pakistan (SBP). On the global front, the US dollar hovered just below a three-week high against major currencies on Monday, as traders awaited further clarity on US President Donald Trump's next round of tariff decisions.
Express Tribune
24-03-2025
- Business
- Express Tribune
Gold prices up by Rs600 per tola
Listen to article Gold prices saw another uptick on Monday, reaching new highs in both global and local markets as demand for the precious metal continues to grow. According to market reports, the price of gold in the international bullion market rose by $5 per ounce, bringing it to $3,027. In response to the global increase, the price of 24-carat gold per tola in Pakistan climbed by Rs600, reaching Rs318,600. Likewise, the price of 10 grams of gold rose by Rs515, settling at Rs273,148. Market analysts attribute the continued rise to ongoing economic uncertainty and investors seeking safe-haven assets.
