Page 34 - Reliance Industries

These stocks command market-cap of over Rs 15 trn each. Can they rise more?

As per the technical charts, Reliance and TCS seem placed favourably on the charts; hence, the stocks could see further gains in the coming trading sessions.

HPCL, BPCL, IOCL: Here's why Morgan Stanley thinks OMC stocks can flare up

The S&P BSE Oil & Gas index has been an outperformer, surging nearly 20 per cent in CY24 as compared to the S&P BSE Sensex that has lost around 1 per cent during this period, shows data

M-cap of 8 of top-10 most valued firms climb Rs 2.90 trn, Reliance shines

The combined market valuation of eight of the top-10 most valued firms climbed Rs 2.90 lakh crore last week, with Reliance Industries emerging as the lead gainer, amid optimism in equities. Last week, BSE benchmark Sensex jumped 1,384.96 points or 1.95 per cent. From the top-10 pack, Reliance Industries, Tata Consultancy Services, HDFC Bank, ICICI Bank, Infosys, LIC, State Bank of India, and Hindustan Unilever were the gainers, while Bharti Airtel and ITC faced erosion of their valuation. The combined market valuation of eight of the top-10 most valued firms stood at Rs 2,90,267.98 crore. The market capitalisation (mcap) of Reliance Industries jumped Rs 1,38,290.85 crore to reach Rs 19,72,028.45 crore. Shares of the company jumped 7.54 per cent last week. Tata Consultancy Services (TCS) added Rs 57,867.9 crore, taking its valuation to Rs 14,51,307.84 crore. The market valuation of State Bank of India climbed Rs 33,467.29 crore to Rs 5,80,456.76 crore and that of Life Insurance ..

Reliance wins IFR Asia's 'Issuer of the Year' award for record fourth time

Reliance Industries Ltd has been conferred on IFR Asia's 'Issuer of the Year' Award for 2023 for achieving most optimal pricing for super-sized funding deals while overcoming multiple market challenges. International Financing Review (IFR) is the pre-eminent financial publication globally for fixed income, capital markets, and investment banking news, analysis and commentary. In a two-page commentary on Reliance that was titled 'Blockbuster Producer', IFR said "the Indian blue chip firm balanced onshore and offshore funding to achieve optimal pricing results from supersized deals". In a tumultuous year for debt markets, it found increased demand from lenders as it reshaped its business to seize future opportunities. Reliance is now the only entity in Asia to have won this prestigious award four times -- 2006, 2015, 2018, and 2023. The financing deals in 2023 that enabled Reliance win the award were raising of USD 7.5 billion in syndicated loans -- this was the largest amount raised

Reliance Power Q3 results: Net loss rises to Rs 1,136.7 cr on high expenses

Reliance Power Ltd on Saturday reported widening of its consolidated net loss to Rs 1,136.75 crore during the quarter ended December 2023, due to increased expenses. It had posted a net loss of Rs 291.54 crore during the October-December period of preceding 2022-23 financial year, the company said in an exchange filing. The company's total income increased marginally to Rs 2,001.54 crore in the reporting quarter compared to Rs 1,936.29 crore in the year-ago quarter. The company's expenses surged to Rs 3,179.08 crore in the quarter from Rs 2,126.33 crore a year ago. Reliance Power is the country's leading private sector power generation and coal resources company.

Post-Budget optimism takes Nifty to new high; Sensex ends 440 points higher

Softening of US, domestic bond yields spurs appetite for risky assets

RIL hits new high, m-cap nears Rs 20 trn mark; Chart hints further upside

Reliance Industries hit a high of Rs 2,950 in intra-day deals on Friday, while the market capitalisation stood at Rs 19.96 trillion at the highest point of the day.

Budget cheer? Here's what drove 1,400-pt rally in Sensex, Nifty to new high

Reliance and IT stocks led the market rally as investors cheered the fact that Budget 2024 resisted the temptation of populist measures, and stuck to the fiscal prudence path.

Reliance, Bodhi Tree set for 60% stake in Disney India merger: Report

The valuation of Disney's India unit is sharply lower than the $15-$16 billion estimated when Disney acquired it in 2019

Reliance, Bodhi Tree discuss 60% stake in Disney India merger talks: Rpts

Under the deal, Viacom18, the broadcast division of Ambani's Reliance Industries will merge with Disney India businesses

Reliance Industries most valuable Indian company: Hurun Global 500 2023

The two companies that saw the highest valuation gain were Microsoft and Nvidia. Both of these are associated with the artificial intelligence software ChatGPT

Profit booking in RIL weighs on indices; Sensex ends 802 points lower

Shares of RIL, the country's most valuable firm, fell 2.8 per cent and made a 246-point contribution to the Sensex decline

Operating at scale

From the first Budget to today, India's economy has changed, requiring boards to adapt and think on a global scale

Profit booking in Reliance, drop in financials weigh on Indian shares

The blue-chip NSE Nifty 50 index declined 0.99% to 21,522.10 points and the S&P BSE Sensex fell 1.11% to 71,139.90

RIL drives markets to best day in 2 months; Sensex rises 1,241 points

RIL and HDFC Bank contributed to over half of these gains

Reliance Industries stock rallies 7%, mcap tops Rs 19.5 trillion

Robust retail, oil and gas performance, steady digital services drive company's earnings growth

Sensex up 1200 pts, Nifty tops 21700: Factors behind market rally on Jan 29

Stock market highlights on January 29: The frontline S&P BSE Sensex index soared 1,309 points in the intraday trade to hit a high of 72,010 levels

Walt Disney's India unit market valuation halves in Reliance merger talks

After weeks of negotiations following a non-binding pact with Ambani's Reliance Industries Ltd. to merge their entertainment business

A rational call

Tariff revision can enable telcos to spend on infrastructure

RIL, Asian Paints, Axis Bank: Key levels to watch out for post Q3 results

As stocks turn volatile post Q3 results, watch out for these key levels on the likes of ICICI Bank, Hindustan Unilever, CoForge and UltraTech Cement among others and plan your trading strategy.