credits:timesofindia
Reliance Industries started its journey with Rs 1200 share price before one year, It touched its bottom when the COVID situation was at its peak at Rs 870 and till now it has reached Rs 2300. Overall Reliance Industry has filed 75% return in the last one year and They have said in their AGM that in the next 2,3 years this company will become completely debt-free. In recent times you would have heard the news that Reliance Industry has almost become debt free again or is going to be in the next few days. There was much news on Reliance Jio wherein there was heavy competition for the stake in Reliance Jio even It felt as if every company wants a stake in Reliance Jio.
There has been more news about which we are going to discuss. Read the full article for complete information on the basis of which you can make an informed decision on whether you should invest or not. Let's talk here about Reliance Retail wherein one more big investor is going to invest in it other than this we will talk about the other current news related to Reliance Jio. Let's start with talking about Reliance Jio, Reliance Jio has come up with a new scheme for its postpaid customers in which tariffs would be Rs 400 to Rs 1,400 and cause of this news, Airtel and Vodafone's shares were hit badly in yesterday's trading session. Yesterday's Airtel share price was trading at Rs 430, almost 8% down. It touched Rs 586, its peak it has gone 26% down from there cause its investors feel that if Jio does a tariff war in broadband then Airtel subscribers can get churned, but if you have decided just on the basis of this one news and you take this news as an indicationwhether to buy or sell it might be a wrong decision.
credits:thefinancialexpress
This news can be an input for your analysis as yesterday market's sentiment was negative, plus this particular news hit the telecom sector really bad. Other than Airtel, if I talk about Vodafone Idea(Vi) its share went down by 10%. Here we can understand that Jio's strategy of pre-paid, has achieved a good benchmark there, they are focusing on the postpaid and broadband sector wherein they have reduced the tariff cause of which other telecom companies have started feeling that their subscribers can get churned away, It is complete speculation. This reaction was based on the news which I told you as a fact, we will come to know in the coming days if the subscribers will get churned or not and only after that, you should make a decision to invest. This news was related to Reliance Jio and I have told you before that many investors have invested here.
credits:m&acritique
Now let's change our focus from Reliance Jio to Reliance Retail. It is the biggest retail chain in India, They have more than 7000 stores in India. We discussed other news regarding it before a few days that Reliance Retail acquired Future Enterprise Ltd means Big Bazaar which means all its stores would be under Reliance cause of which its reach and presence will drastically increase. After Future Enterprise, there is another news regarding Reliance Retail that a US firm called KKR is about to buy 1.28% stake in this company KKR will invest Rs 5,550 crore in Reliance Retail Ventures for 1.28% stake. Reliance Retail's total valuation now has gone up to Rs 4.2 lakh crores which means its valuation has increased in recent times. Another interesting fact about KKR here is when we were talking about the investments in Jio, even there we found KKR as this company bought a stake in Reliance Jio as well. This shows the increased interest in different companies under Reliance Conglomerate cause they have depicted a good growth story here, whether its Reliance Jio or Reliance Retail Investors felt that the prime focus of Reliance Industries shifted from Oil to Jio and Retail Oil is a cash cow business for them as a good amount of revenue comes from there. We will come to know in the coming times on how the result gets materialized.
AbhishekRawat
Content Writer
@DayLightMedia
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