This could prove to be a good news for investors in the stock market that on Monday, stocks of Reliance Industries, which have leadership positions in oil and gas, to the telecom industry, could be strong on Monday. However, it is a different matter that it is possible that the speed of the boom may soon come down as the profit of the March quarter profit has been substantially impacted on the stock. On Thursday, the company's Global Depository Receipt in London was 1.3% stronger than expected. RIL had announced the results of the financial results on Thursday after the stock markets closed.
Deepak Jasani, retail research head, HDFC Securities said, "Reliance's results have been in line with expectations. The stock of the company was already well-stocked. So, now there will not be much increase in it. The results are not disappointing, so there is no hope of a sharp fall in the price of the stock. Reliance Industries's consolidated net profit jumped 9.8% year-on-year to Rs 10,362 crore, while revenues rose 19.4 percent to Rs 1.5 lakh crore.
Reliance Industries, the top performer in Bluechip Stocks, has risen 12% since March this year. On Thursday, the company's stock climbed 2.8% to Rs 1,382.90. RIL's stock calendar year has grown 23.36% in 2019 after being almost 23% stronger in 2018. In this way, it has given better performance than the benchmark index Sensex in both the periods. Investors are now hoping to sell some assets from the company, which can help in reducing debt.
Jasani said, "In future futures stock, more movement will be on the annexation of steak sale or asset investment." Last week, it was reported that Saudi Aramco, the world's largest oil-producing company, is in talks to acquire a minority stake in RIL's refining business. There were also reports that Reliance Retail could buy the British company Hemelies from its owned-right Chinese company. Market Expert Ambarish Baliga said, "There is a lot of strength in the stock due to better returns than expected."
Some market participants say that the user, the ARPU, has been disappointing at low average revenue in telecom business. The scale of performance of telecom companies ARPU fell for the fifth straight quarters in March quarter to Rs 126.2. The ARPU of the company was Rs 131.7 in the December quarter. YES Securities, giving a buy rating with the target price of Rs 1835, has said that the performance of the company will depend on the implementation of the terms of the International Maritime Organization in the coming time. Brokerage said that Demerger of Geo Fiber and Tower Assets will help reduce the burden of debt.
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Deepak Jasani, retail research head, HDFC Securities said, "Reliance's results have been in line with expectations. The stock of the company was already well-stocked. So, now there will not be much increase in it. The results are not disappointing, so there is no hope of a sharp fall in the price of the stock. Reliance Industries's consolidated net profit jumped 9.8% year-on-year to Rs 10,362 crore, while revenues rose 19.4 percent to Rs 1.5 lakh crore.
Reliance Industries, the top performer in Bluechip Stocks, has risen 12% since March this year. On Thursday, the company's stock climbed 2.8% to Rs 1,382.90. RIL's stock calendar year has grown 23.36% in 2019 after being almost 23% stronger in 2018. In this way, it has given better performance than the benchmark index Sensex in both the periods. Investors are now hoping to sell some assets from the company, which can help in reducing debt.
Jasani said, "In future futures stock, more movement will be on the annexation of steak sale or asset investment." Last week, it was reported that Saudi Aramco, the world's largest oil-producing company, is in talks to acquire a minority stake in RIL's refining business. There were also reports that Reliance Retail could buy the British company Hemelies from its owned-right Chinese company. Market Expert Ambarish Baliga said, "There is a lot of strength in the stock due to better returns than expected."
Some market participants say that the user, the ARPU, has been disappointing at low average revenue in telecom business. The scale of performance of telecom companies ARPU fell for the fifth straight quarters in March quarter to Rs 126.2. The ARPU of the company was Rs 131.7 in the December quarter. YES Securities, giving a buy rating with the target price of Rs 1835, has said that the performance of the company will depend on the implementation of the terms of the International Maritime Organization in the coming time. Brokerage said that Demerger of Geo Fiber and Tower Assets will help reduce the burden of debt.
For more information Top 10 Stock Advisory Company Indore
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