![RIL shares fall nearly 3% post Q1; analysts see up to 22% upside](https://images.assettype.com/fortuneindia%2F2022-05%2F754b7680-2b7f-4254-b370-1d3d76a6d957%2Fgettyimages_1230783599_594x594.jpg?rect=0,46,594,297&w=300&q=95)
RIL shares fall nearly 3% post Q1; analysts see up to 22% upside
Most brokerages have reiterated 'Buy' ratings on Reliance Industries, with target price in the range of ₹3,435 and ₹3,786.
Most brokerages have reiterated 'Buy' ratings on Reliance Industries, with target price in the range of ₹3,435 and ₹3,786.
India’s largest telecom service provider records 10% growth in its Q1 FY25 revenue at ₹26,478 crore
Reliance Industries is expected to report 3.9% YoY decline in consolidated net profit, while revenue is projected to grow 11.5% YoY in Q1 FY25.
Snapping three sessions gaining streak, Jio Financial shares declined 2.4% to ₹346.80, while its mcap slipped to ₹2.20 lakh crore.
On November 21, 2023, JFSL had submitted an application to the RBI for the conversion from a NBFC to a core investment company.
The decision to spin off or IPO Jio hinges on balancing the upside potential of full value unlocking in the spin off with the lower controlling stake, says Jefferies.
Jio-bp currently operates around 5,000 charge points catering to four-wheelers.
RIL share hits a 52-week high a day after its telecom arm hiked tariff prices by up to 25%; RIL shares are up 20.22% in the calendar year
Bharti Airtel emerged as the biggest bidder by securing 69% of the total MHz on offer, followed by VIL at 21%, and RJio at 10%.
JioFinance plans to offer loans on mutual funds and then progress to home loans.