Reliance

Buy Reliance Power With Stop Loss Of Rs 157

Buy Reliance Power With Stop Loss Of Rs 157Stock market analyst Sudarshan Sukhani has maintained 'buy' rating on Reliance Power Ltd stock to achieve a target of Rs 167.

According to analyst, the interested investors can buy the stock with a strict stop loss of Rs 157.

The stock of the company, on Sep 24, closed at Rs 160.75 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 189.80 and a low of Rs 137 on BSE.

Buy RCom With Stop Loss Of Rs 171

Buy RCom With Stop Loss Of Rs 171Stock market analyst Salil Sharma has maintained 'buy' rating on Reliance Communications Limited (RCom) stock with a target of Rs 183.

According to analyst, the interested investors can buy the stock with stop loss of Rs 171.

The stock of the company, on Sep 20, closed at Rs 175 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 319.70 and a low of Rs 134.25 on BSE.

Current EPS & P/E ratio stood at 18.29 and 9.40 respectively.

Hold RIL With Target Of Rs 1100

Reliance IndustriesStock market analyst MB Singh has maintained 'hold' rating on Reliance Industries Ltd (RIL) stock with a target of Rs 1100.

According to analyst, the interested investors can buy the stock with strict stop loss of Rs 970.

Mr. Singh also said that RIL has strong resistance at Rs 1025.

Today, the stock of the company opened at Rs 990 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 1184.70 and a low of Rs 915 on BSE.

Current EPS & P/E ratio stood at 53.01 and 19.11 respectively.

Stockowners Give Nod To Reliance Power-RNRL Merger

Stockowners Give Nod To Reliance Power-RNRL MergerAccording to recent reports, stockowners of Reliance Power and Reliance Natural Resources Ltd have given their nod to the merger of the two Anil Dhirubhai Ambani Group (ADAG) firms in a $11 billion all-stock agreement.

The report said that the conversion rate is 4 equity shares of RNRL for every Reliance Power share. The exchange ratio was based on the valuation made by global consultancy firm KPMG.

RIL Gets Hold Of 14.12% Stake In EIH Ltd

RIL Gets Hold Of 14.12% Stake In EIH LtdReliance Industries Ltd (RIL) has made announcement that it has purchased 14.12% equity stake in hotel chain Eastern Indian Hotels (EIH) Ltd for Rs 1,021 crore.

RIL got hold of equity stake through its wholly owned arm, Reliance Industries Investment and Holding Private Ltd.

According to company's declaration, ''RIL has acquired, through its wholly owned subsidiary Reliance Industries Investment and Holding Private Ltd, from Oberoi Hotels Private Ltd and certain other promoters of EIH Ltd shares in EIH Ltd representing 14.12 per cent of EIH Ltd at a total cost of about Rs 1,021 crore.''

1-JC Flowers eyeing Reliance stake

1-JC Flowers eyeing Reliance stakeThe takeover firm JC Flowers on Tuesday outlined a pioneering plan to invest in building society which is Kent Reliance, and expressed that it was expected to settle similar deals with new mutually-owned British lenders.

According to JC Flowers' Europe and Asia Pacific chair person, David Morgan it's justified to express that they wouldn't be astonished if in time other societies had a curiosity in a similar partnership. He further added that the group was looking forward for a very vigorously for more investments in the UK, Ireland and Spain.

Sell RCom With Stop Loss Of Rs 181

Sell RCom With Stop Loss Of Rs 181Stock market analyst Shardul Kulkarni of Angel Broking is of the view that investors can 'sell' Reliance Communications Ltd stock with target of Rs 174.

According to analyst, the interested investors can sell the stock with stop loss of Rs 181.

Today, the shares of the company opened at Rs 179.40 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 319.70 and a low of Rs 134.25 on BSE.

Current EPS & P/E ratio stood at 24.12 and 7.32 respectively.

Buy RCom With Target Of Rs 201

Buy RCom With Target Of Rs 201Stock market analyst Salil Sharma is of the view that investors can buy Reliance Communications Ltd with an intraday target of Rs 201.

According to analyst, the interested investors can buy the stock with stop loss of Rs 189.

Today, the shares of the company opened at Rs 194.90 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 319.70 and a low of Rs 134.25 on BSE.

Current EPS & P/E ratio stood at 24.12 and 7.93 respectively.

Rel Power achieves financial closure of Krishnapatnam UMPP

Rel Power achieves financial closure of Krishnapatnam UMPPAnil Ambani’s Reliance Power has said that it has attained financial closure of around Rs 17,500 crore for its power project at Krishnapatnam, Andhra Pradesh.

It is a 4,000 MW coal-fired project which will be funded in 75 parts debt and 25 parts equity. This coal fired project is the biggest in South India, and is expected to provide power at a tariff of Rs 2.33 per unit to the states of Andhra Pradesh (1,600 MW), Maharashtra (800 MW), Tamil Nadu (800 MW) and Karnataka (800 MW).

Reliance Life Insurance Surpasses 6 Mln Policy Mark In Less Than 5 Years

Reliance Life Insurance Surpasses 6 Mln Policy Mark In Less Than 5 YearsReliance Life Insurance, a part of Anil Dhirubhai Ambani Group, announced that it has surpassed the six million policy mark in less than 5 years.

The company, which is a part of Reliance Capital, hopes to attain an overall premium of Rs 20,000 crore by the next two years.

Buy Reliance Power With Stop Loss Of Rs 165

Buy Reliance Power With Stop Loss Of Rs 165Stock market analyst Ashwani Gujral has maintained 'buy' rating on Reliance Power Ltd stock to achieve a target of Rs 210.

According to analyst, the investors can buy the stock stop loss of Rs 165.

The stock of the company, on July 02, closed at Rs 175.15 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 181.80 and a low of Rs 137 on BSE.

Two Energy Firms Of Anil Ambani Group Plan To Amalgamate

Two Energy Firms Of Anil Ambani Group Plan To AmalgamateThe Reliance Anil Dhirubhai Ambani Group (ADAG) announced that the boards of two of its companies - one in the business of generating power and the other that trades and transports oil and gas - will assemble on July 4 to consider merger.

In identical regulatory filings with the stock exchanges, the two companies said, "A meeting of the board of directors of the company will be held on July 4 to consider merger of Reliance Natural Resources with Reliance Power."

The announcement was made after the closing bell at Indian stock markets.

RCom Surges Around 2% On BSE

RCom Surges Around 2% On BSEShares of Reliance Communications (RCom), part of Anil Dhirubhai Ambani Group, gained nearly two per cent during the early trade on Bombay Stock Exchange (BSE) today, following the acquirement of a cable TV service provider.

RCom got hold of India's biggest cable TV service provider, Digicable, in an all-stock deal on July 01.

Scrips of RCom zoomed 1.92% to a high of Rs 196 on BSE, whereas on National Stock Exchange, it surged 0.91% to Rs 194.

The company's directors sanctioned the plan for the acquisition of Digicable without revealing the value of the deal.

Buy Shree Renuka Sugars With Target Of Rs 76

Buy Shree Renuka Sugars With Target Of Rs 76Stock market analyst Salil Sharma has maintained 'buy' rating on Shree Renuka Sugars Ltd stock to achieve a target of Rs 76.

According to analyst, the investors can hold the stock with stop loss of Rs 63.

The stock of the company, on June 29, closed at Rs 493.70 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 123.60 and a low of Rs 53 on BSE.

RCom, RInfratel, GTL Sanction Rs 50K Crore Agreement

RCom, RInfratel, GTL Sanction Rs 50K Crore AgreementThe Boards of Reliance Communications Ltd. (RCOM), and its arm, Reliance Infratel Ltd and GTL Infrastructure Ltd today in-principle sanctioned a Rs 50,000 crore agreement to create the world's biggest independent telecommunication infrastructure company, neither owned nor controlled by any telecom operator.

In a declaration, , RCom stated that this transformational agreement will be implemented via a demerger of RINFRATEL's tower assets into GTL INFRA.

RCom Surges 4.4% On GTL Deal

RCom Surges 4.4% On GTL DealThe scrip of Reliance Communications Ltd (RCom) was trading with healthy gains in noon, after rising dramatically during the morning on the week-end news of its $11-billion telcom tower agreement with GTL Infra.

The company's shares remained up by 4.36% at Rs. 200.90, around 1.30 p. m., as against its last closure at Rs 192.50. The scrip had shot up soon after opening bell to Rs 204.75.

RIL Discovers More Oil In Cambay Basin

RIL Discovers More Oil In Cambay BasinCountry's biggest private sector company, Reliance Industries (RIL), announced that it has made its seventh oil discovery at a site in Cambay basin, off the Gujarat coast.

In a declaration, RIL stated that it had informed the administration as well as the directorate general of hydrocarbons regarding the discovery, named Dhirubhai-50.

"The potential commercial interest of the discovery is being ascertained through additional data gathering and analysis," the company said in a statement to the Bombay Stock Exchange (BSE).

Buy RCom With Intraday Target Of Rs 203

Buy RCom With Intraday Target Of Rs 203Stock market analyst Pankaj Jain of Satguru Capital is of the view that investors can buy Reliance Communications Ltd with target of Rs 203.

According to analyst, the investors can buy the stock with strict stop loss of Rs 187.

The shares of the company, on June 25, closed at Rs 192.50 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 319.70 and a low of Rs 134.25 on BSE.

Current EPS & P/E ratio stood at 24.12 and 8.21 respectively.

Buy RNRL With Target Of Rs 77

Buy RNRL With Target Of Rs 77Stock market analyst Hitesh Chotalia has maintained 'buy' rating on Reliance Natural Resources Ltd (RNRL) stock with target of Rs 77.

According to analyst, the investors can buy the stock with stop loss of Rs 61.

The stock of the company, on June 25, closed at Rs 65.95 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 93.20 and a low of Rs 43.75 on BSE.

Current EPS & P/E ratio stood at 0.45 and 149 respectively.

RIL and RNRL have signed up a new gas supply contract on June 25, as directed by the Supreme Court.

RNRL, RIL Ink Revised Gas Supply Master Agreement

RNRL, RIL Ink Revised Gas Supply Master AgreementThe Ambani brothers, Mukesh and Anil-led Companies have inked a Gas Sharing Master Agreement (GSMA) within the specified six months by the Supreme Court that annulled their disputed previous private agreement, stating that natural resource was a national resource.

In separate filing in the stock exchanges, both RNRL and RIL had signed the Gas Sharing Master Agreement.

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