The 20% correction in shares of Reliance Industries<\/a> (RIL<\/a>) in less than four months has brought the valuation of the conglomerate closer to its conservative estimates, making it a bargain buy at current levels for brokerage CLSA<\/a>. 股票交易是5%以上其保守的估值基于近3岁为信实Jio和信实零售交易价值,15%的折扣为O2C业务宣布阿拉伯国家石油公司的交易价值,和nil值新能源业务,里昂证券在其报告中表示。 20%的修正的股票信实工业公司(瑞来斯)在不到四个月带来了集团的估值接近其保守的估计,使它成为讨价还价买经纪公司的目前水平里昂证券(CLSA)。
CLSA recommends buying the stock for a target price of Rs 2,970, implying a 35% upside from current levels.
Shares of RIL were trading 1.3% higher at Rs 2,230.55 on the National Stock Exchange<\/a> today. But the stock has corrected more than 12% year-to-date and hit a 52-week low of Rs 2,180 in the previous session.
Besides muted earnings growth, no communication on the potential listing of the telecom or retail businesses has also been a major overhang on the stock.
But with three years having passed since the stake sale to private equity investors, CLSA sees a good chance for the IPO of Jio and\/or retail in the next 12 months.
The stock is trading at just 5% above its conservative valuation based on a nearly 3-year-old deal value for Reliance<\/a> Jio and Reliance Retail, a 15% discount to the announced Aramco deal value for its O2C business, and nil value for the new energy business, CLSA said in its report.
The lack of any major launches and growth in mainstay oil-to-chemicals business kept the stock subdued over the past 18 months.
CLSA expects RJio to start offering its portable 5G device (Jio Airfiber) to ramp-up wireless broadband additions, and launch its affordable 5G smartphone as it monetises its pan-India standalone 5G launch by end of 2023.
The recent brand launches such as Independence and Campa Cola suggests that one could see visible strides in RIL’s FMCG business in 2023.
Meanwhile, cooling crude prices, pick-up in gasoline spreads and the near removal of the windfall taxes have resulted in higher refining margins. Key petchem product spreads have also bounced from lows on the back of the reopening of China. All these factors should drive oil and gas profits higher in the March and June quarters, CLSA said.
Further, despite the enhanced investments on 5G services, RIL’s consolidated leverage, CLSA says, should remain under control and well below 2 times its operating profit.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)<\/i><\/p><\/body>","next_sibling":[{"msid":98868065,"title":"Telecom Italia in talks with unions on up to 2,000 job cuts in Italy","entity_type":"ARTICLE","link":"\/news\/industry\/telecom-italia-in-talks-with-unions-on-up-to-2000-job-cuts-in-italy\/98868065","category_name":null,"category_name_seo":"industry"}],"related_content":[{"msid":"98855812","title":"CLSA sees 35% upside in RIL, chances of Jio\/Retail arm IPOs in next 12 months","entity_type":"IMAGES","seopath":"markets\/stocks\/news\/clsa-sees-35-upside-in-ril-chances-of-jio\/retail-arm-ipos-in-next-12-months\/clsa-sees-35-upside-in-ril-chances-of-jio\/retail-arm-ipos-in-next-12-months","category_name":"CLSA sees 35% upside in RIL, chances of Jio\/Retail arm IPOs in next 12 months","synopsis":false,"thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-56674\/98855812.cms?width=150&height=112","link":"\/image\/markets\/stocks\/news\/clsa-sees-35-upside-in-ril-chances-of-jio\/retail-arm-ipos-in-next-12-months\/clsa-sees-35-upside-in-ril-chances-of-jio\/retail-arm-ipos-in-next-12-months\/98855812"}],"msid":98889099,"entity_type":"ARTICLE","title":"CLSA sees 35% upside in RIL, chances of Jio\/Retail arm IPOs in next 12 months","synopsis":"The stock is trading at just 5% above its conservative valuation based on a nearly 3-year-old deal value for Reliance Jio and Reliance Retail, a 15% discount to the announced Aramco deal value for its O2C business, and nil value for the new energy business, CLSA said in its report.","titleseo":"industry\/clsa-sees-35-upside-in-ril-chances-of-jio\/retail-arm-ipos-in-next-12-months","status":"ACTIVE","authors":[{"author_name":"Vidya Sreedhar","author_link":"\/author\/479258843\/vidya-sreedhar","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479258843.cms?width=100&height=100&hostid=268","author_additional":{"thumbsize":false,"msid":479258843,"author_name":"Vidya Sreedhar","author_seo_name":"vidya-sreedhar","designation":"Senior Associate Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ETMarkets.com","artdate":"2023-03-22 07:38:29","lastupd":"2023-03-22 07:38:58","breadcrumbTags":["ril stock price","reliance share price","national stock exchange","clsa","ril","ril shares","jio ipo","reliance retail ipo","reliance industries","reliance","ril","Industry","Reliance Jio IPO"],"secinfo":{"seolocation":"industry\/clsa-sees-35-upside-in-ril-chances-of-jio\/retail-arm-ipos-in-next-12-months"}}" data-authors="[" vidya sreedhar"]" data-category-name="Industry" data-category_id="18" data-date="2023-03-22" data-index="article_1">
里昂证券认为瑞来斯上升35%,Jio /零售部门ipo的机会在未来12个月
里昂证券推荐买入股票的目标价格2970卢比,这意味着从目前水平上升35%。
瑞来斯的股票交易在Rs 2230 .55高出1.3%国家证券交易所今天。但该股今年迄今已经纠正了超过12%,触及52周低点的Rs 2180以前的会话。
除了温和盈利增长,潜在的清单上没有通信电信或零售企业也一直是主要的过剩。
股票交易是5%以上其保守的估值基于近三岁的交易价值依赖Jio和信实零售、15%的折扣为O2C业务宣布阿拉伯国家石油公司的交易价值,和nil值新能源业务,里昂证券在其报告中表示。
缺乏任何重大发射和oil-to-chemicals支柱业务保持增长股票低迷过去18个月。
里昂证券预计RJio开始提供便携式5 g设备(Jio Airfiber)过渡无线宽带的增加,以及推出廉价5 g智能手机对其pan-India独立5 g 2023年底发射。
独立和坎等近期推出的品牌可乐表明,人们可以看到明显的进步在瑞来斯在2023年的快速消费品业务。
同时,冷却原油价格回升汽油利差和附近的暴利税,导致炼油利润率更高。关键petchem产品价差也从低点反弹的中国的重新开放。所有这些因素推高石油和天然气利润应该在3月和6月,里昂证券(CLSA)说。
进一步,尽管增强投资5 g服务,瑞来斯的综合利用,里昂证券表示,应该保持控制,远低于营业利润的2倍。
(免责声明:建议,建议,观点和意见的专家。这些不代表《经济时报》的观点)
The 20% correction in shares of Reliance Industries<\/a> (RIL<\/a>) in less than four months has brought the valuation of the conglomerate closer to its conservative estimates, making it a bargain buy at current levels for brokerage CLSA<\/a>.
CLSA recommends buying the stock for a target price of Rs 2,970, implying a 35% upside from current levels.
Shares of RIL were trading 1.3% higher at Rs 2,230.55 on the National Stock Exchange<\/a> today. But the stock has corrected more than 12% year-to-date and hit a 52-week low of Rs 2,180 in the previous session.
Besides muted earnings growth, no communication on the potential listing of the telecom or retail businesses has also been a major overhang on the stock.
But with three years having passed since the stake sale to private equity investors, CLSA sees a good chance for the IPO of Jio and\/or retail in the next 12 months.
The stock is trading at just 5% above its conservative valuation based on a nearly 3-year-old deal value for Reliance<\/a> Jio and Reliance Retail, a 15% discount to the announced Aramco deal value for its O2C business, and nil value for the new energy business, CLSA said in its report.
The lack of any major launches and growth in mainstay oil-to-chemicals business kept the stock subdued over the past 18 months.
CLSA expects RJio to start offering its portable 5G device (Jio Airfiber) to ramp-up wireless broadband additions, and launch its affordable 5G smartphone as it monetises its pan-India standalone 5G launch by end of 2023.
The recent brand launches such as Independence and Campa Cola suggests that one could see visible strides in RIL’s FMCG business in 2023.
Meanwhile, cooling crude prices, pick-up in gasoline spreads and the near removal of the windfall taxes have resulted in higher refining margins. Key petchem product spreads have also bounced from lows on the back of the reopening of China. All these factors should drive oil and gas profits higher in the March and June quarters, CLSA said.
Further, despite the enhanced investments on 5G services, RIL’s consolidated leverage, CLSA says, should remain under control and well below 2 times its operating profit.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)<\/i><\/p><\/body>","next_sibling":[{"msid":98868065,"title":"Telecom Italia in talks with unions on up to 2,000 job cuts in Italy","entity_type":"ARTICLE","link":"\/news\/industry\/telecom-italia-in-talks-with-unions-on-up-to-2000-job-cuts-in-italy\/98868065","category_name":null,"category_name_seo":"industry"}],"related_content":[{"msid":"98855812","title":"CLSA sees 35% upside in RIL, chances of Jio\/Retail arm IPOs in next 12 months","entity_type":"IMAGES","seopath":"markets\/stocks\/news\/clsa-sees-35-upside-in-ril-chances-of-jio\/retail-arm-ipos-in-next-12-months\/clsa-sees-35-upside-in-ril-chances-of-jio\/retail-arm-ipos-in-next-12-months","category_name":"CLSA sees 35% upside in RIL, chances of Jio\/Retail arm IPOs in next 12 months","synopsis":false,"thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-56674\/98855812.cms?width=150&height=112","link":"\/image\/markets\/stocks\/news\/clsa-sees-35-upside-in-ril-chances-of-jio\/retail-arm-ipos-in-next-12-months\/clsa-sees-35-upside-in-ril-chances-of-jio\/retail-arm-ipos-in-next-12-months\/98855812"}],"msid":98889099,"entity_type":"ARTICLE","title":"CLSA sees 35% upside in RIL, chances of Jio\/Retail arm IPOs in next 12 months","synopsis":"The stock is trading at just 5% above its conservative valuation based on a nearly 3-year-old deal value for Reliance Jio and Reliance Retail, a 15% discount to the announced Aramco deal value for its O2C business, and nil value for the new energy business, CLSA said in its report.","titleseo":"industry\/clsa-sees-35-upside-in-ril-chances-of-jio\/retail-arm-ipos-in-next-12-months","status":"ACTIVE","authors":[{"author_name":"Vidya Sreedhar","author_link":"\/author\/479258843\/vidya-sreedhar","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479258843.cms?width=100&height=100&hostid=268","author_additional":{"thumbsize":false,"msid":479258843,"author_name":"Vidya Sreedhar","author_seo_name":"vidya-sreedhar","designation":"Senior Associate Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ETMarkets.com","artdate":"2023-03-22 07:38:29","lastupd":"2023-03-22 07:38:58","breadcrumbTags":["ril stock price","reliance share price","national stock exchange","clsa","ril","ril shares","jio ipo","reliance retail ipo","reliance industries","reliance","ril","Industry","Reliance Jio IPO"],"secinfo":{"seolocation":"industry\/clsa-sees-35-upside-in-ril-chances-of-jio\/retail-arm-ipos-in-next-12-months"}}" data-news_link="//www.iser-br.com/news/industry/clsa-sees-35-upside-in-ril-chances-of-jio/retail-arm-ipos-in-next-12-months/98889099">
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