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Reliance Jio continues to lead the market as of January, boasting over 465 million users, according to the latest data from TRAI. This significant user base reinforces Jio's dominant position in the telecommunications sector.
Lenders have rejected the Reliance deal, while shareholders have voted in favor of it. This divergence highlights the ongoing tensions between financial institutions and investors regarding the future direction of the company. The outcome may significantly impact Reliance's strategic plans moving forward.
Goldman Sachs maintains a 'Buy' rating on Reliance Industries Limited (RIL), projecting a 31% upside with a price target of ₹1,640, despite a 22% decline from its July 2024 peak. The brokerage anticipates an 18% earnings growth in FY26, driven by retail recovery, Jio's performance, and improving refining margins.In Q4FY25, RIL's core EBITDA is expected to remain flat, with a focus on retail growth and Jio's revenue projected to rise 4% quarter-on-quarter. While near-term challenges persist in the energy segment, a positive medium-term outlook is supported by anticipated global refining capacity closures.
Mukesh Ambani’s Reliance Jio has partnered with Elon Musk’s SpaceX to introduce Starlink satellite internet services in India, following a similar deal with Bharti Airtel. This collaboration aims to streamline government approvals for Starlink, which has been awaiting licenses since 2022. Jio will support installation and activation of Starlink devices, marking a strategic shift from previous competition to cooperation in the Indian telecom market.
The Sensex has consistently posted negative returns during the Kumbh Mela festivals over the past two decades, with an average loss of 3.42%. Historical data shows that the highest decline occurred between July and September 2015, when it fell by 8.29%. This trend may be influenced by cultural shifts and investor behavior during the pilgrimage period.
Jefferies has issued a 'Buy' recommendation for Sun Pharma with a target price of ₹2,150 per share, citing potential peak sales of $100 million from its latest cancer treatment assets. Meanwhile, CLSA rates NHPC as 'Outperform', reflecting positive sentiment in the market.Godrej Consumer Products also received a 'Buy' call from Jefferies, targeting ₹1,550 per share, despite anticipated volume declines in soaps and home insecticides. Motilal Oswal has a 'Buy' rating on Reliance Industries, targeting ₹1,580 per share, highlighting strong free cash flow generation and growth prospects in various segments.
The Sensex surged 721.31 points to 79,765.05, while the Nifty rose 208.50 points to 24,122.70, driven by gains in auto, pharma, energy, and infrastructure stocks. However, PSU banks faced declines amid perplexing volatility in foreign institutional investor activity, with a significant sell-off of Rs 11,756 crores noted recently. Investors are advised to remain cautious as stock-specific actions are anticipated following the inclusion of 45 new stocks in the F&O list.
Analysts are optimistic about a potential recovery for Reliance Industries, which has struggled recently. In contrast, Adani stocks remain under scrutiny, with the flagship company hitting a one-year low. As winter approaches in Mumbai, traders are cautious amid a flat trading mood in Asia.
Masayoshi Son, the founder of SoftBank Group, is set to meet Indian Prime Minister Narendra Modi on Wednesday. Prior to this, he met Mukesh Ambani, chairman of Reliance Industries, to discuss potential artificial intelligence opportunities in India.
Jefferies has issued a 'Buy' rating on Reliance Industries, setting a target price of ₹1,700 per share, anticipating improved Singapore Gross Refining Margins and strong growth in Jio's home broadband subscriptions. Meanwhile, HSBC warns that new limits on microfinance lending will likely slow AUM growth and increase credit costs, while credit card issuance has seen a significant decline as lenders adopt a more conservative approach.
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