Reliance

Buy RIL

Buy RILStock market analyst Rajesh Agarwal of CD Equisearch has maintained 'buy' rating on Reliance Industries Ltd (RIL) stock.

According to analyst, the investors can buy the stock only once when it crosses Rs 1080-1100 and not at current levels.

Today, the shares of the company opened at Rs 1055.20 the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 1184.74 and a low of Rs 875.50 on BSE. Current EPS and P/E ratio of the stock stood at 49.31 & 21.54 respectively.

Reliance Industries has inked a $1.15 billion JV deal with Pioneer Natural Resources.

Sell RCom With Target Of Rs 174

Sell RCom With Target Of Rs 174Stock market analyst Sudarshan Sukhani has maintained 'sell' rating on Reliance Communications Ltd stock with target of Rs 174.

According to analyst, the investors can sell the stock with stop loss of Rs 196.

Today, the stock opened at Rs 188.50 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 7.75 respectively.

Hold Reliance Capital For Long Term

Hold Reliance Capital For Long TermStock market analyst Radhika Gupta of Forefront Capital Management has maintained 'hold' rating on Reliance Capital Ltd stock.

According to analyst, the investors can hold the stock for long term as this is fundamentally strong and a good stock in the ADAG pack.

Today, the stock of the company opened at Rs 766 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 1005 and a low of Rs 620 on BSE.

Current EPS & P/E ratio stood at 17.59 and 42.51 respectively.

Reliance Cap To Get Hold Of 18% Stake In Bloomberg UTV

Reliance Cap To Get Hold Of 18% Stake In Bloomberg UTVReliance Capital, part of the Anil Dhirubhai Ambani Group, has declared that it will purchase an 18% interest in business channel Bloomberg UTV.

In a declaration, the company said, "The investment will form part of Reliance Capital's exposure to the fast growing and high potential in the Indian media sector."

After transferring the equity stake, Bloomberg will possess 15% stake in the company and the remaining 67% will be controlled by the UTV founders, led by Ronnie Screwvala.

Mukesh Ambani Forays Into Telecom Sector

Mukesh Ambani Forays Into Telecom SectorIndia's top industrialist Mukesh Ambani has forayed into the telecom segment with the intention to offer up countrywide wireless broadband services when Reliance Industries got hold of Infotel Broadband, the lone player, which bagged a pan-India license for broadband wireless access spectrum in the auction that closed on Friday.

RIL has acquired 95 per cent equity stake in Infotel for Rs 4,800 crore minutes after the Indian bourses marked their closure for the day.

The deal values the Mahendra Nahata group promoted Internet service provider at about Rs 5,000 crore.

RCom Scrip Opens 5.86% Up

RCom Scrip Opens 5.86% UpThe shares of Reliance Communications belled the day on a positive note today, a day after its directors sanctioned a 26% equity sale to a strategic investor. RCom's scrip, which ended at Rs 168.15 on Friday, opened 5.86% up at Rs 178, and was trading at Rs 175.35 some 10 minutes into trading.

This was the only scrip among the 30 stocks of Sensex of the Bombay Stock Exchange that opened the day in the green.

The company's scrip gained 14.03% during the last week following reports that the UAE-based Etisalat was interested in acquiring an equity stake in the company.

RCom Board Sanctions 26% Stake Sale Plan

RCom Board Sanctions 26% Stake Sale PlanAnil Ambani-led Reliance Communications announced that its board members have sanctioned a 26% stake sale in the company after much speculation over UAE-based Etisalat's interest in the offer.

The company statement said, "The board of directors of Reliance Communications has approved in-principle the induction of strategic or private equity investors into the company for an up to 26 percent equity stake at an appropriate premium."

Buy RCom With Stop Loss Of Rs 151

But RCom With Stop Loss Of Rs 151Stock market analyst Anu Jain has maintained 'buy' rating on Reliance Communication Ltd stock to achieve a target of Rs 162.

According to Jain, the investors can purchase the stock with stop loss of Rs 151.

On June 02, the stock of the company closed at Rs 154.60 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 359 and a low of Rs 134.25 on BSE.

Current EPS & P/E ratio stood at 24.12 and 6.62 respectively.

Short Term Buy Call For RIL

Short Term Buy Call For RILStock market analyst Salil Sharma is of the view that investors can 'buy' Reliance India Ltd stock with a short term target of Rs 1060.

According to analyst, the investors can buy the stock with stop loss of Rs 1035.

Today, the stock of the company opened at Rs 1045 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 1186.15 and a low of Rs 875.50 on BSE.

Current EPS & P/E ratio stood at 49.31 and 21.01 respectively.

RIL has paid approx Rs 12,382 crore of unsecured loans during the last fiscal, lessening its arrears by about 15.5%.

Anil Ambani-Led RCom Pays $1.91 Bln Towards 3G Spectrum

Anil Ambani-Led RCom Pays $1.91 Bln Towards 3G SpectrumIn order to commence third generation (3G) telecommunication services, Anil Ambani-led Reliance Communications (RCom) has paid Rs 8,585.04 crore towards spectrum charges to the administration.

RCom is one of the three private telecommunication operators that bagged 3G spectrum in 13 service areas, comprising the most remunerative Mumbai and Delhi circles, in an auction of airwaves, which ended on May 19.

Reliance Ind Makes Fifth Oil Discovery In Gujarat Block

Reliance Ind Makes Fifth Oil Discovery In Gujarat BlockReliance Industries Limited (RIL) has made announcement about its fifth oil discovery in exploration block CB-ONN-2003/1 (CB 10 A and B), granted under the NELP-V round of bidding.

The newly discovered block is situated at a distance of approx 130 kms from Ahmedabad, Gujarat, in the Cambay basin.

RIL drilled the well CB10A-J1 to a total depth of 1957 metres in Part A of the block, with the objective of exploring the play fairway in the Miocene Basal Sand (MBS) of Babaguru formation and Eocence Pays of Kalol formation.

Buy RIL For Long Term

Buy RIL For Long Term Stock market analyst Avinash Gorakshekhar has maintained 'buy' rating on Reliance Industries Limited (RIL) stock with target of Rs 1180.

According to Mr. Gorakshekhar, the investors can purchase the stock at current levels with long-term target.

Today, the stock opened at Rs 1000 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 1186.15 and a low of Rs 875.50 on BSE.

Current EPS & P/E ratio stood at 49.31 and 20.94 respectively.

Anil-Mukesh Ambani Sign New Deal, Gas Dispute Settlement In Sight

RelianceBurying their disputes, the respective Reliance groups headed by brothers Mukesh and Anil Ambani stated that they have signed up a new and simpler non-compete agreement, which will assist them resolve the Krishna-Godavari gas clash.

In a declaration, the Anil Reliance Dhirubhai Ambani group said, "These developments would eliminate any room for any further disputes between the two groups on matters relating to the scope and interpretation of non-compete obligations."

"All existing non-compete agreements between the two groups executed in January 2006 stand cancelled," the group said.

Hold Reliance Capital With Stop Loss Of Rs 580

RelianceStock market analyst Ashu Bagri is of the view that investors can hold Reliance Capital Ltd stock to attain a medium term target of Rs 710.

Mr. Bagri said that the investors can buy the stock with a strict stop loss of Rs 580.

Today, the stock opened at Rs 620 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 1066 and a low of Rs 630 on BSE.

Current EPS & P/E ratio stood at 27.59 and 23.01 respectively.

Reliance Capital Asset Management, on May 11, bought 1.53 lakh shares of Talwalkars Better Value Fitness, one of the biggest fitness chains in India

Short Term Buy Call For RIL

Short Term Buy Call For RILTechnical analyst Nikita Surekha is of the view that investors can buy Reliance India Ltd (RIL) stock for a short term target of Rs 1025.

According to Surekha, the investors can hold the stock with a stop loss of Rs 985.

Today, the shares of the company opened at Rs 1004 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 1245 and a low of Rs 875.50 on BSE.

Current EPS & P/E ratio stood at 49.31 and 20.39 respectively.

Businesses Should Prepare Themselves For Higher Energy Costs, Says Mukesh Ambani

Businesses Should Prepare Themselves For Higher Energy Costs, Says Mukesh AmbaniReliance Industries chairman Mukesh Ambani stated that the prices of crude oil prices may go up to $100 per barrel shortly because of rising costs of exploration and production.

He also said that business enterprises should prepare themselves for higher energy costs than what they were used to during the last 20 years.

Sell RCom With Stop Loss Of Rs 152

Sell RCom With Stop Loss Of Rs 152Technical analyst Salil Sharma is of the view that investors can sell Reliance Communication Ltd (RCom) stock in today's session for a target of Rs 141.

According to Mr. Sharma, the investors can sell the stock with a stoploss of Rs 152.

If the stock fell below Rs 136, it may see more weakness.

Today (May 12), the stock opened at Rs 147.25 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 359 and a low of Rs 154.70 on BSE.

Current EPS & P/E ratio stood at 24.12 and 6.03 respectively.

The Big Reliance Show

The Big Reliance ShowSupreme Court’s Court number 1 had never found such a big crowd as it got on Friday. The guards have opened the doors of the court room sharp at 10AM. Then the lawyers clumped inside and grabbed their seats.

At 10.30AM the court started proceedings and by that time the court has turned to be no less than a theater, because the big Reliance show was about to begin. Law students, media persons and curious litigators those who had come for their own cases were shoving for space in the visitors’ gallery.

RIL Medium Term Buy Call

RIL Medium Term Buy CallTechnical Analyst Avinash Gorakshekhar of Anagram has maintained 'buy' rating on Reliance Industries Ltd (RIL) stock to achieve a medium term target.

According to him, interested traders can purchase the stock on declines.

Today, the stock opened at Rs 998.95 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 1245 and a low of Rs 875.50 on BSE.

Current EPS & P/E ratio stood at 49.31 and 21.10 respectively.

RIL gets upgraded listing by Fitch

RIL gets upgraded listing by FitchMukesh Ambani’s Reliance Industries has got an upgradation in ratings by Fitch Ratings, on Tuesday.

As per Fitch, which is one of the three major rating agencies in the world, the Long-term local currency Issuer Default Rating (LC IDR) of RIL was given ‘BBB’ against 'BBB-'.

In the Long-term foreign currency IDR (FC IDR) it was awarded 'BBB-' and the National Long-term Rating were at 'AAA(ind)'.

The IDRs and National Long-term Rating continued to stand at the same ratings as they were last time and was Stable.




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