What is the reason behind Reliance fall? (2023)

What is the reason behind Reliance fall?

Reliance Industries Ltd reported an 11 per cent drop in its net profit for the June quarter, largely attributed to weaker performance in the oil-to-chemical (O2C) vertical and higher interest and depreciation costs.

Why is Reliance underperforming?

Shares of Reliance Industries have fallen 13.63 per cent in 2023 so far and have underperformed the BSE Sensex by almost 800 basis points during the period. For one- and two-year periods as well, the scrip failed to beat index returns, thanks to prevailing concerns over high capex and resultant rising debt.

Is Reliance a good buy for long term?

"If you are expecting returns in line with the Nifty and Sensex then you need to have a sizable portion, maybe more than 10% of your holdings in a company like Reliance," says Dipan Mehta, Director, Elixir Equities. Mehta says that on a three- to five-year basis, one may see Reliance outperforming the benchmarks.

What will be the price of Reliance share in 2025?

In 2025, we expect the Reliance share price to continue its growth, with a minimum target of ₹4000 and a maximum target of ₹4500.

Why is Reliance a good stock to buy?

Reliance Industries Ltd (RELIANCE) Share Price

Kranthi Bathini, Equity Strategist, WealthMills Securities, said, “The stock has further headroom from here. RIL can give a 10-15 per cent return by March 2024. With the value unlocking and underlying strength of business it may scale new highs over a period of time.”

What is Reliance company weakness?

Weaknesses of Reliance Capital Limited

High Inventory – Reliance Capital has a high inventory which can hammer the long-term growth of the company. Lack of Planning – Financial planning is not done properly and efficiently.

What is the future prediction of Reliance?

Reliance Industries Ltd. quote is equal to 2506.300 INR at 2023-07-28. Based on our forecasts, a long-term increase is expected, the "Reliance Industries Ltd" stock price prognosis for 2028-07-21 is 3980.792 INR. With a 5-year investment, the revenue is expected to be around +58.83%.

Which stock will boom in 2023?

Can Apple buy Reliance?

Apple sits on a cash pile of roughly $285 billion which is more than enough to buy India's two most valued companies - Mukesh Ambani-led Reliance Industries and Tata's crown jewel TCS. Apple Inc made history this week after its market cap crossed $1 trillion mark.

Is Reliance undervalued or overvalued?

Is Reliance Industries Ltd undervalued or overvalued? The key valuation ratios of Reliance Industries Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

What is the future prediction of Reliance share in 2023?

If one were to go by fundamental analysts, the stock has potential to gain up to 20 per cent in 2023. A technical analyst said levels of Rs 2,715-2,970 are likely in the coming weeks. According to ICICI Direct's research report, RIL's consumer business would be the growth driver, going ahead.

What is the target price of Reliance Power in 2023?

According to long-term projections, Reliance Power Share Price Target 2023 will be between 17 and 19 rupees, 2025 will be between 32 and 35 rupees, and 2030 will be about 90 rupees.

What is the price of Reliance in 2027?

What is the record date for Reliance Demerger in 2023?

RIL has fixed July 20, 2023 as the record date for the demerger of Reliance Strategic Investments. Under the merger deal, all RIL shareholders, as of the record date of July 20, 2023, will get one share of Jio Financial Services Ltd. (JFSL) for every RIL share they own.

Which company will Reliance buy?

"Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Ltd, today signed definitive agreements to acquire a 100 per cent equity stake in Metro Cash & Carry India for a total cash consideration of ₹ 2,850 crore, subject to closing adjustments," said a joint statement.

Is it safe to buy Reliance Power share?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Reliance Power Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

Who are rivals of Reliance?

Who is Reliance competitor?

Reliance competitors include Jio, Tata Sons Ltd, Cairn and Grasim Industries. Reliance ranks 3rd in CEO Score on Comparably vs its competitors. See below how Reliance compares to its competitors with CEO Rankings, Overall Culture Score, eNPS, Gender and Diversity Scores.

What is the moving average of Reliance stock?

On Classic Moving Average Scale Reliance Industries RIL shows a 2,609.26 for 20 - DMA, 2,531.38 for 50-DMA and 2,434.88 for 100-DMA. On Exponential Moving Average Scale Reliance Industries RIL shows a 2,631.99 for 20 - DMA, 2,546.65 for 50-DMA and 2,495.36 for 100-DMA.

What is the target of Reliance Capital?

What is Reliance target tomorrow?

Will stocks go up again in 2023?

U.S. stock market gains in the first half of 2023 have been rosier than some entire years in the past. This alone raises the risk for a spill in prices. The S&P 500's rise in 2023 reached almost 16% in mid-June. That surpassed full-year gains in 2010 (up 15.1%), 2011 (2.1%), 2014 (13.7%), 2015 (1.4%) and 2016 (12%).

What stocks are going to skyrocket?

Which stocks to buy for 5 years?

Who is rich Apple or Reliance?

With a valuation of $202 billion, Reliance Industries was the most valuable Indian company on the list. Globally, it was the 34th biggest company. Apple, worth $2.4 trillion, was the most valuable company, followed by Microsoft, with a value of $1.8 trillion.

Is Tata bigger than Apple?

While Tata Group has a market value of $126 billion, Mukesh Ambani-led Reliance Industries is valued at $70 billion. Apple's market value currently stands at $789 billion.

Which Indian companies are in 1 trillion?

01 trillion. Earlier, Reliance Industries Ltd, Tata Consultancy Services Ltd, HDFC Ltd, Infosys Ltd, ICICI Bank Ltd, Hindustan Unilever Ltd, Life Insurance Corp Of India, State Bank of India, HDFC Ltd and Bharti Airtel Ltd have achieved this milestone.

Which stock is undervalued now?

Which share is best to buy today?

Which company is overvalued?

What will be Tata Motors share price in 2030?

What is the price of Tata Power in 2030?

What is the target of Adani power?

Stock price target for Adani Power Limited ADANIPOWER are 254.9 on downside and 264.15 on upside.

What is the future of Reliance Power share?

What is the future prediction of Reliance Power share price in 2024?

Reliance Power Share Price Future Prediction 2024

The company's ongoing projects and potential new ventures could drive the average stock price up to ₹130. The year might see the stock price ranging between a low of ₹120 and a high of ₹140.

Is Reliance Power undervalued?

The intrinsic value of one RPOWER stock under the Base Case scenario is 37.18 INR. Compared to the current market price of 16.05 INR, Reliance Power Ltd is Undervalued by 57%.

What is the return of Reliance in the last 5 years?

When did Reliance share split?

The most recent stock split occured on September 7th, 2017. One RELIANCE. NS share bought prior to October 27th, 1997 would equal to 8 RELIANCE.

What is the share price of Reliance in 2028?

Why Reliance investors remain unimpressed?

Rising debt and capital expenditure (capex) are points of worry. RIL's reported consolidated net debt as on 30 September was Rs93,253 crore, up from Rs57,655 crore as on 30 June. Reported net debt is at a two-year high, said analysts from J.P. Morgan India. Capex was Rs32,534 crore in Q2, up from Rs31,442 crore in Q1.

Is Reliance Industries overvalued?

Reliance Industries Ltd. has a PEG ratio of 3.43, indicating that its stock price is overvalued relative to its expected earnings growth. The company's sustainable growth rate is 0.0, suggesting that it may struggle to maintain its current level of profitability.