BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Religare maintains buy on Reliance Industries
Reliance Jio's earnings profile would be critical for its outlook. As per the disclosed data tariffs, the average revenue per unit (ARPU) for RJio could be around Rs 400. RJio would require a subscriber base of around 40 million to break even at the EBITDA level, and about 30 million more subscribers to break even at the PBT level. We see significant benefits from RIL's investments in cyclical businesses. We maintain "buy" rating on RIL on expectations of its core earnings surging from new projects.