Brokerages bullish on RIL post Q4 earnings
Several brokerages raised target price of RIL shares.
Several brokerages raised target price of RIL shares.
Reliance becomes the first Indian company to cross the ₹1,00,000 crore threshold in pre-tax profits, says Mukesh D. Ambani, Chairman and MD, RIL.
Reliance Industries’ EBITDA grew 14.3% YoY to ₹47,150 crore in Q4 FY24, while the margin improved by 50 basis points YoY to 17.8%.
Reliance Industries is slated to release its March quarter earnings post-market hours today.
The 5G capital expenditure cycle of Reliance Industries is expected to conclude soon.
In a bull-case scenario, the brokerage house expects RIL shares to rise to ₹4,495 by FY26, suggesting a potential upside of 56% from the current market price.
OMCs have slashed petrol and diesel prices across the country by ₹2 per litre for the first time in two years since April 2022.
Post the completion of this transaction, TV18 Broadcast’s equity stake in Viacom18 will increase to 70.49%.
The Reliance-Viacom18-Disney deal will add ₹40 per share to RIL’s sum-of-the-parts valuation (SOTP), says Jefferies.
Reliance and Disney to merge their media operations in India and Mukesh Ambani-led conglomerate is likely to hold a 61% stake in the merged entity, as per a report.