Analysts On Reliance Industries

Reliance shares have crashed but is the impact of new government taxes really that bad or should savvy investors use this opportunity to buy shares?

Reliance Industries and ONGC shares were hammered on Friday after thegovernment imposed export taxes on petrol, diesel and a windfall tax on domestic crude oil to boost internal supplies.

Billionaire Mukesh Ambani-led Reliance Industries, the country's most valuable company, on Thursday reported a 31 per cent annual growth in its net profit to Rs 13,233 crore in the quarter ended June 30. The oil-to-telecom conglomerate had reported a net profit of Rs 10,104 crore in the corresponding quarter last year. The profit beat analysts' est...

A $4.5 billion deal under which Alphabet's Google will collaborate with India's Reliance Industries on a new smartphone likely heralds a big shake-up for the world's second-largest mobile market, industry executives and analysts say.

Domestic stock markets crashed on Monday with benchmark indices slumping nearly 7 per cent in their biggest intraday fall in at least 10 years, amid a selloff in global markets. The S&P BSE Sensex index plummeted as much as 2,467.44 points - or 6.57 per cent - to hit 35,109.18 on the downside during the session, and the broader NSE Nifty benchmark...

Analysts covering the country's telecoms sector say Vodafone Idea is the most fragile of its three major wireless carriers and if it shuts shop, the market would shape up as a duopoly of rivals Airtel and Reliance Industries' Jio.

Analysts say that after a sharp surge in the benchmark indexes markets are correcting on account of a mild profit booking.

Telecom stocks jumped on Monday after three of India's telecom giants - Bharti Airtel, Vodafone Idea and Reliance Jio - announced higher tariffs from this month. Bharti Airtel and Vodafone Idea shares soared as much as 4.1 per cent and 14 per cent respectively, whereas shares in Reliance Industries - the parent company of Reliance Jio Infocomm - ro...

Domestic stock markets suffered sharp losses on Tuesday, with the S&P BSE Sensex falling more than 700 points and the broader NSE Nifty 50 index briefly dropping below 11,250 at the day's lowest level. A selloff across sectors led by banking and financial services stocks dragged the markets lower. Analysts said a deepening crisis at Punjab and Maha...

Domestic stock markets skyrocketed on Friday with the Sensex index clocking its biggest single-day gain in more than a decade, after Finance Minister Nirmala Sitharaman announced a cut in corporate tax rate for companies. The Sensex zoomed as much as 2,284.55 points to touch 38,378.02 during the session before settling with a gain of 1,921.15 point...

Domestic stock markets opened on a flat note but soon gave in to the negative territory on Wednesday amid weakness in Asian peers. The S&P BSE Sensex index fell as much as 62.02 points in early trade to 37,265.99, and the broader NSE Nifty benchmark slid to as low as 10,989.85, down 27.15 points from the previous close. Selling pressure in financia...

Domestic stock markets suffered sharp losses on Tuesday amid a selloff across sectors barring energy shares, breaking a two-day winning run. The S&P BSE Sensex index fell 623.75 points - or 1.66 per cent - to end at 36,958.16, and the broader NSE Nifty benchmark settled at 10,925.85, down 183.80 points - or 1.65 per cent - from the previous close...

Domestic stock markets started Tuesday's session on a lower note amid weakness in Asian peers. The S&P BSE Sensex index fell as much as 260.63 points to 37,321.28 in early trade, and the broader NSE Nifty moved to 11,041.40, down 68.25 points from the previous close. Sharp losses across sectors barring energy shares dragged the markets lower. Anal...

Domestic stock markets started Monday's session on a lower note, extending their losses to a second straight day, amid weakness in global peers. The S&P BSE Sensex index fell as much as 435.23 points to 39,078.16 in early trade, and the NSE Nifty benchmark moved to 11,682.90, down 128.25 points from the previous close. Weakness across sectors, led ...

Domestic stock markets hit new all-time highs on Tuesday extending their rally to a fourth day running, after exit polls predicted a win for the Bharatiya Janata Party-led National Democratic Alliance (NDA) in the recently concluded general elections. The S&P BSE Sensex rose as much as 219.06 points to an all-time high of 39,571.73 in early trade, ...

Reliance shares have crashed but is the impact of new government taxes really that bad or should savvy investors use this opportunity to buy shares?

Reliance Industries and ONGC shares were hammered on Friday after thegovernment imposed export taxes on petrol, diesel and a windfall tax on domestic crude oil to boost internal supplies.

Billionaire Mukesh Ambani-led Reliance Industries, the country's most valuable company, on Thursday reported a 31 per cent annual growth in its net profit to Rs 13,233 crore in the quarter ended June 30. The oil-to-telecom conglomerate had reported a net profit of Rs 10,104 crore in the corresponding quarter last year. The profit beat analysts' est...

A $4.5 billion deal under which Alphabet's Google will collaborate with India's Reliance Industries on a new smartphone likely heralds a big shake-up for the world's second-largest mobile market, industry executives and analysts say.

Domestic stock markets crashed on Monday with benchmark indices slumping nearly 7 per cent in their biggest intraday fall in at least 10 years, amid a selloff in global markets. The S&P BSE Sensex index plummeted as much as 2,467.44 points - or 6.57 per cent - to hit 35,109.18 on the downside during the session, and the broader NSE Nifty benchmark...

Analysts covering the country's telecoms sector say Vodafone Idea is the most fragile of its three major wireless carriers and if it shuts shop, the market would shape up as a duopoly of rivals Airtel and Reliance Industries' Jio.

Analysts say that after a sharp surge in the benchmark indexes markets are correcting on account of a mild profit booking.

Telecom stocks jumped on Monday after three of India's telecom giants - Bharti Airtel, Vodafone Idea and Reliance Jio - announced higher tariffs from this month. Bharti Airtel and Vodafone Idea shares soared as much as 4.1 per cent and 14 per cent respectively, whereas shares in Reliance Industries - the parent company of Reliance Jio Infocomm - ro...

Domestic stock markets suffered sharp losses on Tuesday, with the S&P BSE Sensex falling more than 700 points and the broader NSE Nifty 50 index briefly dropping below 11,250 at the day's lowest level. A selloff across sectors led by banking and financial services stocks dragged the markets lower. Analysts said a deepening crisis at Punjab and Maha...

Domestic stock markets skyrocketed on Friday with the Sensex index clocking its biggest single-day gain in more than a decade, after Finance Minister Nirmala Sitharaman announced a cut in corporate tax rate for companies. The Sensex zoomed as much as 2,284.55 points to touch 38,378.02 during the session before settling with a gain of 1,921.15 point...

Domestic stock markets opened on a flat note but soon gave in to the negative territory on Wednesday amid weakness in Asian peers. The S&P BSE Sensex index fell as much as 62.02 points in early trade to 37,265.99, and the broader NSE Nifty benchmark slid to as low as 10,989.85, down 27.15 points from the previous close. Selling pressure in financia...

Domestic stock markets suffered sharp losses on Tuesday amid a selloff across sectors barring energy shares, breaking a two-day winning run. The S&P BSE Sensex index fell 623.75 points - or 1.66 per cent - to end at 36,958.16, and the broader NSE Nifty benchmark settled at 10,925.85, down 183.80 points - or 1.65 per cent - from the previous close...

Domestic stock markets started Tuesday's session on a lower note amid weakness in Asian peers. The S&P BSE Sensex index fell as much as 260.63 points to 37,321.28 in early trade, and the broader NSE Nifty moved to 11,041.40, down 68.25 points from the previous close. Sharp losses across sectors barring energy shares dragged the markets lower. Anal...

Domestic stock markets started Monday's session on a lower note, extending their losses to a second straight day, amid weakness in global peers. The S&P BSE Sensex index fell as much as 435.23 points to 39,078.16 in early trade, and the NSE Nifty benchmark moved to 11,682.90, down 128.25 points from the previous close. Weakness across sectors, led ...

Domestic stock markets hit new all-time highs on Tuesday extending their rally to a fourth day running, after exit polls predicted a win for the Bharatiya Janata Party-led National Democratic Alliance (NDA) in the recently concluded general elections. The S&P BSE Sensex rose as much as 219.06 points to an all-time high of 39,571.73 in early trade, ...