Business Standard

Notes from RIL results

Its stock price has fallen and most brokerages have cut price targets. PSUs could get hit even harder by disappointed investors

Reliance Capital
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Reliance Capital

Devangshu Datta
Several trends are worth noting when we examine the Q1, 2019-20 numbers for Reliance Industries (RIL). Retail plus digital together contributed over 22 per cent of revenues for the giant flagship of the Mukesh Ambani group. Fast growth in these two segments compensated for stagnation in the core petrochemicals and refining segments.

Jio’s synergies with Reliance Retail makes it a unique online-offline play. The telecom subsidiary is now the largest telco in terms of subscriber base. But it may have dropped behind Airtel in terms of Average Revenue Per User (ARPU).

The telecom sector was disappointed by the Budget and by 5G
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

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First Published: Jul 28 2019 | 9:17 PM IST

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