BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
Reliance Industries Ltd. has once again reinvented itself to boost profit growth.
Digital services and organised retail, which enjoy a better outlook and valuation than the ‘oil to chemicals’ business, would contribute 5254% to its FY21E-FY23E Ebitda versus just 14% in FY18.
Stake sales in Jio and retail to raise Rs 2 trillion ($27 billion) sharply cut debt and helped discover the of these businesses.
This led to rerating of RIL; in FY21, the company outperformed most Indian peers across sectors and many global technology majors.
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