Reliance industries market cap giravat: increased investors’ anxiety
Year start for Reliance Industries Limited (RIL) has been quite disadvantageous. In company shares Deterioration of more than 6% Entered. Investors are worried about US’s stringent stance on the purchase of weak Outlook and Russian oil of retail sector (Retail). Now let’s look at the upcoming quarterly results that are expected to fall.
Heavy drop in market value
This year, the company’s market price (Market Value) $15 billion (Rs 1.25 lakh crore) Clean. It is one of the worst beginnings of the year for Reliance in recent years, which has also been impacted on Indian Benchmark Equity Indexes (Nifty/Sensex). Reliance 16 January The market will declare its quarterly results after closure.
Retail Area and Geo-political Pressure
- Weak demand: Many large retailers in India have indicated reduction in consumer demand. It has been scared that the reliance’s retail segment can also get dull viewing.
- US law proposes: The assumption and deterioration of investors after the proposal of the law that targets Russian oil buying countries by the American Senator Lindsay Graham. The weekly decline in shares of Reliance went across 7%, which is the highest in the last 15 months.
Last year, Reliance’s shares had accelerated about 30%, the main reason for which Jio Platforms Ltd. The potential of IPO was expected. However, the concern of American action on Russian oil has now cooled the enthusiasm of investors.
Analyst View
Goldman Sachs The analysts believe that Reliance Retail Business Growth Slow in December Quarter But its compensated energy (Energy) can lead to a strong growth in the business.
"The recent sell in shares can lead to concerns associated with the refining of Russian crude oil and sluggish in the retail sector. "" — Nikhil Bhandari and his team (Goldman Sachs Report, January 9)
Is there a chance to invest?
Despite such a deterioration, the market’s trust is not completely over:
- By Rating: $Global oil and gas companies with over 100 billion market caps have the highest (35 analysts’) ‘Buy’ rating on Reliance.
- Edge Prospect: According to Bloomberg data, analysts believe that in stock in the next 12 months Up to 16% may occur.
