RIL Reinventing Itself To Continue Strong Growth: ICICI Securities Reinitiates Coverage
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 value of these businesses.
This led to rerating of RIL; in FY21, the company outperformed most Indian peers across sectors and many global technology majors.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.