Tag: Reliance Industries Ltd (RIL)

Remain invested in SBI, Info Edge, Asian Paints, says Centrum Broking’s Nischal Maheshwari

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Ecommerce is going to be one of the biggest wealth creators on the Indian bourses as and when they get listed, said Nischal Maheshwari, CEO, Institutional Equities and Advisory at Centrum Broking on Friday.

“If you are invested in Info Edge, remain invested,” he advised.

On Asian Paints, Maheshwari said, “The whole sector seems to be coming off on a back of strong demand coming back into the residential sector or real estate. I think this is just a start, I don’t see this demand going away in a hurry. Asian Paints has been able to deliver a double-digit volume growth for long and I continue to believe that they will be able to do it. It is best to remain invested in the paint stocks.”

On the State Bank of India (SBI), he said, “We continue to maintain a buy on it. A lot of their subsidiaries seem to be doing well, so a lot of that valuation is also coming back. I think it is still a stock to be invested in.”

One has to be cautious on the banking sector, however, he added. “The whole sector needs to be now on a cautious mode.”

Reliance Industries Ltd (RIL) will be reporting its Q3FY21 numbers today later in the day.

Sharing his expectations from the company’s Q3 earnings, he said, “This quarter is going to be better than the last one on the petrochemical side of the business. We continue to see improvement there. I am a bit disappointed as far as Jio is concerned. The broader number still is going to be weak for RIL.”

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Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.

Disclosure: RIL, the promoter of Reliance Jio, also controls Network18, the parent company of CNBCTV18.com.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Expect Nifty to give single-digit returns in 2021, says Bernstein’s Venugopal Garre

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Venugopal Garre, Managing Director, Bernstein, expects Nifty to give single-digit returns in 2021.

“The way I would put it is first half of the year we think the market will overshoot the target but the risk would probably emerge in second half of the year,” he said in an interview with CNBC-TV18.

Garre is ‘neutral’ on autos. He prefers passenger vehicles (PVs) over two-wheelers.

“Commercial vehicles (CVs) have bottomed out in terms of where they would lie in terms of absolute volumes. We do see a play in terms of CVs in terms of a recovery and this space is also going to be driven by scrappage policy. If this scrappage policy is meaningful and if it comes through in this budget and if it is implemented -that is primarily giving you an idea that we could move into positive cycle for CVs. I would not take a negative view on CVs in terms of a volume opportunity over the next two years,” he said.

Garre believes stocks like Larsen and Toubro (L&T), Adani Ports, ICICI Bank and Bandhan Bank could rise further. “There is slightly more risk but the return generation could be higher than index,” said Garre.

He is positive on IT on the services side. “We have only Tech Mahindra as a ‘buy’ in the midcap IT space,” he said.

On Reliance Industries Ltd (RIL), he said, “Look at earnings growth built in for RIL by the Street – it is about 50 percent EPS growth for FY22 compared to FY21. So if you are able to articulate that, a lot of it is telecom led, it may not appear costly. So even the largestcap like that – for six months has underperformed – is probably the one we would still want to retain in our portfolio.”

On production-linked incentives (PLI) scheme, he said, “If you look at the largest allocation outside of consumer electronics, one of the areas is autos. I don’t think auto companies know what it is about but if the details come through it could be positive for export oriented players. It could be even companies like Bajaj Auto which has the larger mix of the portfolio towards exports. So we have upgraded Bajaj Auto a week back. So in some way I am playing PLI.”

For full interview, watch the video…

Disclosure: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Deven Choksey: Positive on RIL and Ramco Cements

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Deven Choksey of KRChoksey Securities remains positive on Reliance Industries Ltd (RIL) from an investment perspective as well as on Ramco Cements. Choksey also advised long-term investors to hold Asian Paints.

“Fortunately the stock (RIL) has corrected on the price per se and as a result of which it has invited some amount of buying,” he said in an interview with CNBC-TV18.

The cement business is showing distinct signs of growth.

“The continued growth in the economy would demand more and more commodity and cement would remain distinctly in favour as far as the growth is concerned. As we understand higher the operating capacity utilisation, the better would be the volume-based performance coming into the companies. Ramco Cements is very well positioned for taking the advantage of higher amount capex spend happening in the country. We remain positive on this company,” Choksey said.

Choksey also prefers pan-India cement players like UltraTech and Holcim Group.

“We continue to like regional players like Ramco Cements but more importantly the pan India players like UltraTech Cements and Holcim Group which is Ambuja Cements and ACC.”

The way in which the global digital moves are happening, most of the IT companies are showing robust kind of growth rate in each vertical, he said.

On Asian Paints, he advised staying invested if one is holding the stock.

“However, for a fresh buying, I would rather prefer to look at the market if it gives a correction. If it does, it would be a better time to buy.”

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Disclosure: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Won’t be surprised to see Rs 2,250-2,300 on RIL; positive on cement, says Prakash Diwan

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Market expert Prakash Diwan expects the share price of Reliance Industries to rise to Rs 2,250-2,300 while HUL to climb to Rs 2,500 and Colgate Palmolive to touch Rs 1,650-1,660 by the end of this rally.

“The market has been seeing a lot of FII money coming in, out of which, 65 percent has been ETF, so it is coming to the heavyweights. If Reliance were to carry this weight through, it will attract some money. However, eventually, when money starts moving out, it will also lose some ground. I wouldn’t be surprised if you see this all the way to about Rs 2,250-2,300 in this gush and then you will have to evaluate it depending on the liquidity flow. The stock does seem to be ripe for some sort of a rerating,” said Diwan in an interview to CNBC-TV18.

“Colgate Palmolive or Hindustan Unilever Ltd (HUL) – all of them would start taking off from where they have not participated. So I wouldn’t be surprised if, by the end of this rally, we would see HUL at Rs 2,500 and Colgate Palmolive at Rs 1,650-1,660. So those kinds of things could happen and defensives will definitely be in favour,” he said.

Diwan is positive on the cement sector. “Cement as a whole is seeing pricing power and retention of margins, which is good news. I am positive on this sector and we have been talking about this for quite some time,” he said.

According to him, the government is going to look at pockets of influence where it can make a difference in the employment scenario for the economy. “Real estate and construction happened to be the one. To play that growth, cement is a great proxy and cyclicals always do well when the tide is turning. So I think it is a cycle that has just started. UltraTech definitely has momentum backing it, it is the leader, it has capacities that could give it pricing power also and we have seen that happen,” Diwan mentioned.

For more, watch the video

Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.

Disclosure: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Positive on IDFC First Bank, RIL, Alkem, says Dipan Mehta of Elixir

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Dipan Mehta, Director, Elixir Equities is positive on IDFC First Bank, Reliance Industries (RIL) and Alkem Laboratories.

“IDFC First Bank is one of the top banks to buy in this market. Other banks also are quite interesting but this one had a good track record and very dynamic management,” he said in an interview with CNBC-TV18.

According to him, all these banks certainly will benefit if the Reserve Bank of India (RBI) goes ahead and changes its policy as far as ownership norms are concerned.

AU Small Finance Bank is the best pick as far as small finance banks are concerned, he said.

“I have been positive on Reliance Industries Ltd (RIL). It is a good defensive stock. It is time to be a little bit patient because some of the businesses which they are nurturing at this point of time have a very long gestation period to start getting into profitability and having decent return ratios as well,” he said.

He believes, while there is a possibility of 25-30 percent rally in public sector undertaking (PSU) stocks – as they come back to mean averages as far as their P/Es are concerned – it is not going to be a secular growth story where investors can buy and hope that the stock will double/triple over a three-four year period.

“However, because of their attractiveness, you will see very strong trading rallies from time-to-time and investors who have a trading mindset will certainly look at participating in those trading rallies,” he said.

Dr Reddy’s Laboratories (DRL) is one of the best picks within the pharmaceutical space.

He is positive on Alkem Laboratories too.

Disclosure: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Buy RIL, expect decent returns in next 2-3 years: Dipan Mehta

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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“I would go with Reliance Industries Ltd (RIL). I feel that from this point on, RIL may give decent returns over the longer-term,” said Dipan Mehta, Director at Elixir Equities in an interview with CNBC-TV18.

He believes that a marginal miss on earnings and some bit of over-expectation by the market is what led to a decline in RIL shares on Monday.

“Eventually the stock should recover lost ground over the next few trading sessions. I am not that pessimistic as far as RIL is concerned and I do expect that the stock will start performing well again. This is a deep correction and if you buy around these levels or so, you could expect decent returns over the next 2-3 years period,” he added.

According to Dipan, Hero MotoCorp is the best pick in the two-wheeler space. “I would go with Hero Motocorp at this point of time. Valuations are comfortable, return ratios are pretty much high, there is opportunity when it comes to export markets in some of the premium products, so that would be the best pick in the two-wheeler space,” he said.

Disclosure: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.

For more, watch video…

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Positive on banks, NBFCs; safe to own HDFC Bank & Kotak: Dipan Mehta

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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HDFC Bank and Kotak Mahindra Bank are the safe stocks to own, said Dipan Mehta, Director at Elixir Equities in an interview with CNBC-TV18.

“They are secular growth stories and if you want safety with growth then HDFC Bank and Kotak Mahindra Bank are a must have in your portfolio,” he added.

According to him, reports of Kotak Mahindra Bank and IndusInd Bank deal were a complete rumour. “A few weeks ago, Hinduja Group said that they wanted to increase the stake in IndusInd Bank. So I don’t think that when you have such strong promoter in IndusInd Bank they would like to dilute their holdings and get merged with Kotak and to an extent lose their identity,” he said.

“One shouldn’t bet specifically on this event taking place. On the whole if you have slightly more risk appetite then IndusInd Bank may tend to outperform over the next six-twelve months the entire banking index,” he added.

Mehta is positive on the banking and non-banking financial companies (NBFCs) sector as a whole. He feels they may regain the leadership position in next year.

Dipan believes one needs to be a bit cautious on Reliance Industries Ltd (RIL). “No doubt, great company and certainly fantastic long-term prospects given the kind of efforts that have been done on setting up new businesses but you could have a soft patch in RIL and a fair bit of underperformance,” he said.

(Disclosures: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.)

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Stock 360: Reliance PP hits upper circuit today

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Today Stock 360 is focusing on Reliance partly paid-up (Reliance PP) something which has given much better returns. It has hit the upper circuit today, up 10 percent. It is up 17 percent for this week and for this month and has outperformed the main stock Reliance Industries Ltd (RIL).

Disclosures: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

To watch other videos in this series, click the Stock 360 tab below.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Silver Lake invests Rs 7,500 crore in Reliance Retail for 1.75% stake: What experts have to say

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Reliance Industries (RIL) is back in focus after the massive fund raise by Jio Platforms, the behemoth has embarked on another fund raising exercise, this time for Reliance Retail.

Private equity firm Silver Lake has invested billion of dollars for a less than 2 percent stake in the company.

Amnish Aggarwal of Prabhudas Lilladher, Arvind Singhal, Chairman of Technopak Advisors, SP Tulsian of sptulsian.com, Deven Choksey of KRChoksey, Harshvardhan Dole, VP-institutional equities at IIFL, Devangshu Dutta, CEO of Third Eyesight and Harminder Sahni, founder and MD of Wazir Advisors share their views and outlook on the company.

Watch the video for more.

Disclosure: RIL, the promoter of Reliance Jio, also controls Network18, the parent company of CNBCTV18.com.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow