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pressnewsagencyllc · 9 days

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Stock Market Live Updates – 15th April 2024: Sensex, Nifty slide amid Iran-Israel war escalation

Granules: Unit V facility located at Anakapally gets zero Form 483 observations from USFDA. ISMT: Company received 2 contracts from ONGC to supply products worth ₹343.72 cr. RVNL: Company received LoA worth 95.95 cr for new line project of Araria – Galgalia of N.F. railway Mphasis: Company has signed a multi-year global strategic collaboration agreement with Amazon Web Services (AWS). Varun…

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banglakhobor · 9 months

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এনএসই-তে রেকর্ড, সর্বকালের সর্বোচ্চ দরে বন্ধ হল রিলায়েন্সের শেয়ার!

নয়াদিল্লি: পণ্য এবং পরিষেবার প্রশ্নে কোনও দিন এই দেশকে নিরাশ করেনি মুকেশ আম্বানির রিলায়েন্স ইন্ডাস্ট্রিজ লিমিটেড। সুলভ মূল্যে সর্বোৎকৃষ্ট সামগ্রী তথা পরিষেবা তারা দেশবাসীর হাতে তুলে দিতে বদ্ধপরিকর, প্রযুক্তি থেকে দৈনন্দিন জীবনের প্রয়োজনে, বিলাসে সর্বত্র ব্যাপ্ত এই প্রতিষ্ঠানের অবদান। আর তারই পরিণামে শেয়ার বাজারেও সেরার সেরা নজির গড়ল রিলায়েন্স ইন্ডাস্ট্রিজ লিমিটেড। সংস্থার মসৃণ বাণিজ্যনীতি ভরসার…

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#JFSL #RIL #RIL Share Price

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digitalbhumi · 2 years

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Nifty, Sensex end deep in red amid weak global cues; markets to remain volatile in near-term

Domestic equity markets ended in red after a two-day rally, as lack of triggers erased momentum. The BSE Sensex index slumped 709 points, or 1.35 per cent, to end at 51,823 with 28 of the 30 index constituents settling in the red. The Nifty 50 closed at 15,413, down 226 points or 1.44 per cent. Sectorally, all the key indices closed in the red with the Nifty Metal index down 5 per cent, and Nifty…

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don-lichterman · 2 years

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Mukesh Ambani resigns from Reliance Jio, son Akash made chairman

Mukesh Ambani has resigned from the board of his group’s telecom arm, Reliance Jio and handed over the reins of the company to elder son Akash, a step seen as succession planning by the 65-year old billionaire. In a stock exchange filing, Reliance Jio Infocomm said the company’s board at a meeting on June 27, “approved the appointment of Akash M Ambani, non-executive director, as chairman of the…

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#Akash #Ambani #chairman #Jio #Mukesh #mukesh ambani news #mukesh ambani quits reliance jio board #mukesh ambani steps down #reliance #reliance industries #reliance jio infocomm #reliance jio infocomm ltd #reliance jio infocomm news #reliance jio news #reliance jio share price #resigns #ril reliance jio #son

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freddiemark · 1 month

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Unraveling the Tapestry of Reliance Retail Share Price: Latest News and Updates

In the bustling arena of financial markets, where every tick of the clock heralds a new opportunity, staying abreast of the latest developments is paramount for investors. Among the myriad of companies that capture the attention of market participants, Reliance Retail Ventures Limited stands out as a formidable player in the retail landscape. In this article, we delve into the latest news and updates surrounding Reliance Retail share price, dissecting the factors shaping its trajectory and providing insights into what the future may hold for investors.

Understanding Reliance Retail Ventures Limited: A Brief Overview

Before delving into the intricacies of Reliance Retail share price, it's essential to grasp the company's background and its significance in the market. Reliance Retail Ventures Limited, a subsidiary of Reliance Industries Limited (RIL), is India's largest organized retail player, with a diverse portfolio spanning multiple sectors including grocery, fashion, electronics, and digital services.

Founded by Mukesh Ambani, the chairman and managing director of RIL, Reliance Retail has redefined the retail landscape in India through its innovative business models, robust supply chain infrastructure, and customer-centric approach. With a widespread presence across urban and rural markets, Reliance Retail caters to the diverse needs of millions of consumers, offering a seamless shopping experience through its offline and online channels.

Factors Influencing Reliance Retail's Share Price

Several factors contribute to the fluctuations in Reliance Retail share price, reflecting the intricate interplay of internal dynamics and external market forces. Understanding these factors is crucial for investors seeking to decipher the rationale behind the stock's movements and make informed decisions.

1. Financial Performance: Reliance Retail's financial performance serves as a key driver of its share price. Investors closely monitor metrics such as revenue growth, profit margins, and same-store sales to gauge the company's operational efficiency and growth prospects. Positive earnings reports often translate into upward momentum in the stock price, while disappointing results may lead to corrections.

2. Expansion and Growth Strategy: Reliance Retail's expansion and growth strategy play a pivotal role in shaping investor sentiment. The company's ambitious plans to scale up its retail footprint, enter new markets, and diversify its product offerings are closely tracked by investors as indicators of future revenue growth and market dominance.

3. Strategic Partnerships and Acquisitions: Reliance Retail's strategic partnerships and acquisitions are closely scrutinized by investors for their potential to create synergies and unlock value. Collaborations with global brands, tie-ups with technology companies, and acquisitions of established players in the retail ecosystem can significantly impact the company's market positioning and Reliance Retail share price performance.

4. Digital Transformation Initiatives: Reliance Retail's foray into digital commerce and technology-driven initiatives is a key focus area for investors. The company's efforts to leverage data analytics, artificial intelligence, and e-commerce platforms to enhance customer engagement and drive online sales growth are viewed as critical factors in shaping its future competitiveness and share price trajectory.

5. Regulatory Environment and Policy Changes: Regulatory developments and policy changes in the retail sector can have a profound impact on Reliance Retail's business operations and growth prospects. Changes in foreign direct investment (FDI) regulations, taxation policies, and e-commerce regulations may create opportunities or challenges for the company, influencing investor sentiment and share price dynamics.

Recent Developments and News Impacting Reliance Retail's Share Price

As of the latest updates, several developments have influenced Reliance Retail share price, reflecting the company's response to evolving market trends and strategic imperatives. Here are some notable news items and events shaping investor sentiment:

1. Expansion into New Verticals: Reliance Retail has been actively expanding its presence in new verticals such as fashion, electronics, and digital services. The launch of exclusive partnerships with leading global brands, expansion of its omni-channel retail ecosystem, and investments in digital platforms have garnered investor attention and contributed to positive sentiment towards the stock.

2. Strategic Investments and Acquisitions: Reliance Retail has made strategic investments and acquisitions to strengthen its market position and enhance its capabilities. Notable acquisitions include the purchase of Future Group's retail assets and investments in emerging digital commerce startups. These moves are seen as strategic steps to consolidate the company's leadership position in the retail sector and drive future growth.

3. Digital Transformation and E-commerce Initiatives: Reliance Retail's focus on digital transformation and e-commerce initiatives has been met with enthusiasm by investors. The integration of JioMart, the company's online grocery platform, with its extensive offline retail network has positioned Reliance Retail as a formidable player in the rapidly growing e-commerce market, fueling optimism about its future growth prospects.

4. Financial Performance and Earnings Outlook: Reliance Retail's financial results for the latest quarter have surpassed market expectations, with strong revenue growth and improved profitability. The company's ability to sustain this momentum and capitalize on emerging opportunities in the retail sector has bolstered investor confidence and contributed to positive sentiment towards the stock.

5. Market Sentiment and Analyst Recommendations: Analyst reports and market sentiment surveys have provided insights into investor sentiment towards Reliance Retail's stock. Positive analyst recommendations, favorable outlooks, and bullish sentiment have contributed to upward pressure on the share price, reflecting confidence in the company's growth trajectory and strategic initiatives.

Looking Ahead: Prospects and Challenges

While Reliance Retail enjoys a dominant position in the Indian retail landscape, it faces a set of challenges and opportunities as it charts its course for future growth. Key factors that will influence Reliance Retail share price include:

1. Market Leadership and Competitive Positioning: Reliance Retail's ability to maintain its market leadership position and fend off competition from domestic and international players will be critical for sustaining investor confidence and share price appreciation. Continuous investments in brand building, customer experience, and operational excellence are essential to retaining market share and driving growth.

2. E-commerce Penetration and Digital Innovation: Reliance Retail's success in capturing a larger share of the burgeoning e-commerce market will be instrumental in driving future revenue growth and shareholder value. The company's ability to leverage its digital capabilities, scale up its online platforms, and offer differentiated value propositions to consumers will be key determinants of its competitiveness and share price performance.

3. Regulatory Compliance and Policy Dynamics: Reliance Retail must navigate regulatory challenges and policy uncertainties in the retail sector effectively. Engaging with regulators, advocating for conducive policy frameworks, and ensuring compliance with regulatory requirements are essential to mitigating risks and maintaining investor confidence amidst evolving regulatory dynamics.

4. Consumer Demand and Spending Patterns: Reliance Retail's fortunes are closely tied to consumer demand and spending patterns, which are influenced by factors such as economic growth, income levels, and consumer sentiment. Monitoring shifts in consumer behavior, adapting to changing preferences, and offering relevant product offerings are crucial for driving footfall and sales growth, thereby supporting share price appreciation.

5. Global Economic Trends and Geopolitical Risks: Reliance Retail share price is susceptible to global economic trends and geopolitical risks that may impact commodity prices, currency exchange rates, and market sentiment. Monitoring macro-economic indicators, geopolitical developments, and global market trends is essential for assessing the broader economic context in which Reliance Retail operates and making informed investment decisions. In conclusion, Reliance Retail share price is influenced by a myriad of factors, including financial performance, strategic initiatives, regulatory environment, market sentiment, and global economic trends. By staying abreast of the latest news and developments surrounding the company, investors

#Reliance Retail Share Price #Reliance Retail IPO #Reliance Retail

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newstime-2 · 5 months

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Vaishali Parekh Stock Recommendations Today: Himatsingka Seide, Lemon Tree, Oberoi Realty

Vaishali Parekh, Vice President, the Technical Research at Prabhudas Lilladher suggests the three stocks to buy. However, before knowing that let's have a look at the stock market Nifty 50 and Sensex.

What Are Three Vaishali Parekh Stock Recommendations Today?

Indian stock market achieved an all-time high value this Tuesday; the Nifty 50 index attained an all-time high value and set a new peak of 20,864 level. Sensex also touched a new lifetime high value of 69,381, and the Bank Nifty index claimed the peak with a value of 47,230. The market is increasing significantly, showing bullish nature, and growth of the companies. The small-cap index hit a new level at 41,317, whereas the mid-cap index reached a new peak of level with 35,216. The overall market is growing which means companies gained a lot of capital from the public which eventually increases the trade within or outside the country. The growth of the market also attracts foreign investors that ultimately provide more funds to them and the chance of expanding their limit increases. The market will keep moving forward as stated by Vaishali Parekh, Vice President and Technical Researcher at Prabhudas Lilladher, sharing tips to choose the shock, and suggesting the three stocks to buy. Vaishali Parekh, an expert at Prabhudas Lilladher, said that the market will climb to a new peak if there is buying in frontline stock of HDFC bank, ICICI bank, and Reliance Industries Limited. Parekh recommends three shares for intraday trading on Wednesday. Stick to the article to grab the details. Vaishali Parekh made a statement in the interview; she described the Nifty 50 attaining a new peak, she said that the Nifty 50 will cross the 20,850 zones if there is a trend of buying maintained in stocks like ICICI Bank, M&M, HDFC Bank, and RIL. She indicated that the market can touch the level of 21,000, and even can go ahead of this. Moreover, Bank Nifty can go further level of 47,000 zones to reach a new high level, and it probably can go to 48,200 if this continuation is maintained. Axis Bank has good inside potential from the current level. Vaishali shared the intraday tips, describing the price for Nifty today, which is 20,700 with resistance at 21000 level. Bank Nifty will fluctuate between the range of 46,700 and 47,500 levels. Suggested Three Stocks to Buy Vaishali Parekh suggested three stocks for intraday trading. The list of these stocks have been mentioned below:- - Himatsingka Seide: Buy at ₹171.20, stop loss ₹168, target ₹185,; - Lemon Tree: Buy at ₹118.65, stop loss ₹116, target ₹124; - Oberoi Realty: Buy at ₹1459, stop loss ₹1435, target ₹1610.

FAQs:-

What is Prabhudas Lilladher? Prabhudas Lilladher is a broker firm in India, offering services of advisory, investing, buying & selling of shares, Intraday, and more. You can visit www.pindia.com to learn better. Who is the current Vice President of Prabhudas Lilladher in 2023? Vaishali Parekh is a Vice President of Prabhudas Lilladher in 2023. Who is the owner of Prabhudas Lilladher? Amisha Vora is a co-owner of Prabhudas Lilladher, holding a 96% stake in the company. She is now the Chairperson and Managing Director of the company. Read the full article

#VaishaliParekhStockRecommendationsToday

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streetinvestment · 8 months

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Nifty trades above 19,900 level; market breadth in favor of buyers.

Equity benchmarks hit fresh intraday high; auto shares in demand.

The domestic equity benchmarks extended their early gains and hit fresh intraday high in morning trade. The Nifty continued to hold above the 19,900 level. Auto stocks managed to edge higher for third day in a row.

The barometer index, the S&P BSE Sensex, was up 330.39 points or 0.50% to 66,929.30. The Nifty 50 index advanced 110.50 points or 0.56% to 19,930.45.

In the broader market, the S&P BSE Mid-Cap index rose 0.88% while the S&P BSE Small-Cap index added 0.77%.

The market breadth was strong. On the BSE, 2,243 shares rose and 1,213 shares fell. A total of 204 shares were unchanged.

Prime Minister Narendra Modi, in his role as the host of the G20 Summit, concluded the two-day event. Indian Prime Minister Narendra Modi and U.S. President Joe Biden pledged to deepen the partnership between both countries in their second bilateral meeting in less than six months.

New Listing:

Shares of Rishabh Instruments were currently trading at Rs 460.25 on the BSE, representing a premium of 4.37% as compared with the issue price of Rs 441.

The scrip was listed at Rs 460, exhibiting a premium of 4.31% to the issue price.

So far, the stock has hit a high of 469.65 and a low of 432.25. On the BSE, over 3.49 lakh shares of the company were traded in the counter so far.

The initial public offer (IPO) of Rishabh Instruments was subscribed 31.65 times. The issue opened for bidding on 30 August 2023 and it closed on 1 September 2023. The price band of the IPO was fixed at Rs 418-441 per share.

Shares of Ratnaveer Precision Engineering were currently trading at Rs 129.15 on the BSE, representing a premium of 31.79% as compared with the issue price of Rs 98.

The scrip was listed at Rs 128, exhibiting a premium of 30.61% to the issue price.

So far, the stock has hit a high of 134 and a low of 123. On the BSE, over 9.20 lakh shares of the company were traded in the counter so far.

The initial public offer (IPO) of Ratnaveer Precision Engineering was subscribed 93.99 times. The issue opened for bidding on 4 September 2023 and it closed on 6 September 2023. The price band of the IPO was fixed at Rs 93-98 per share.

Buzzing Index:

The Nifty Auto rose 0.97% to 16,258.45. The index has added 2.12% in three sessions.

Tube Investments of India (up 5.6%), Maruti Suzuki India (up 1.14%), Tata Motors (up 1%), Samvardhana Motherson International (up 0.7%) and Hero MotoCorp (up 0.61%) were the top gainers.

Among the other gainers were Balkrishna Industries (up 0.52%), Ashok Leyland (up 0.49%), MRF (up 0.38%), Mahindra & Mahindra (up 0.3%) and TVS Motor Company (up 0.3%).

On the other hand, Bosch (down 0.51%), Bharat Forge (down 0.34%) and Sona BLW Precision Forgings (down 0.24%) moved lower.

Stocks in Spotlight:

IRB Infrastructure Developers rallied 3.17%. The company’s gross toll collection jumped 24% to Rs 417 crore in August 2023 as compared with Rs 336 crore in August 2022.

Gateway Distriparks fell 1.21%. The company announced that its chief financial officer (CFO), Sandeep Kumar Shaw has tendered his resignation, effective from the close of business hours on 28 November 2023.

Reliance Industries (RIL) rose 0.53%. Jio Platforms on Friday 8 September 2023, announced its partnership with NVIDIA to develop a cloud-based AI compute infrastructure. This infrastructure aims to bolster India’s position in the field of artificial intelligence. The new AI cloud infrastructure will provide access to accelerated computing, high-speed networking, and secure cloud services to various individuals and organizations in India, such as researchers, developers, startups, scientists, and AI practitioners.

Adani Enterprises gained 1.71%. Adani Global Pte. Ltd., Singapore, a step down wholly owned subsidiary of the Company (AGPTE) has signed Joint Venture Agreement with Kowa Holdings Asia Pte. Ltd., Singapore (KOWA) on 8th September 2023. The agreement is for the sales and marketing of green ammonia, green hydrogen and its derivatives produced and supplied by Adani Group, in the agreed Territory.

Strides Pharma Science added 0.81%. The company said that its step-down wholly owned subsidiary, Strides Pharma Global has received approval for Sevelamer Carbonate for oral suspension USP, 0.8g and 2.4g, from the United States Food & Drug Administration (USFDA).

SJVN jumped 4.69%. The company said that its wholly owned subsidiary SJVN Green Energy (SGEL) has signed PPA with Bhakra Beas Management Board (BBMB) for 18 MW Solar Power.

Numbers to Watch:

The yield on India’s 10-year benchmark federal paper declined 0.15% to 7.188 from its previous close of 7.173.

In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 82.9200, compared with its close of 83.0275 during the previous trading session.

MCX Gold futures for 5 October 2023 settlement added 0.10% to Rs 58,955.

The US Dollar index (DXY), which tracks the greenback’s value against a basket of currencies, was down 0.36% to 104.72.

The United States 10-year bond yield rose 0.90% to 4.294.

In the commodities market, Brent crude for November 2023 settlement lost 14 cents or 0.15% to $90.51 a barrel.

Global Markets:

Asian stocks are trading mixed on Monday where key economic data from major economies will take center stage.

On Tuesday, India will release its inflation and industrial output figures for August, while China will announce its industrial output, retail sales, and most notably, house sale prices on Friday.

US stocks closed higher on Friday as Apple and other tech and growth stocks witnessed some buying after the recent fall due to China’s ban on iPhones for government employees.

#training stock market course #shares market to everyone #street investment

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attud-com · 8 months

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shahananasrin-blog · 8 months

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[ad_1] NEW DELHI: After having demerged from incubator Reliance Industries (RIL) last month, shares of Mukesh Ambani’s Jio Financial Services or JFSL will list on stock exchanges BSE and NSE on Monday. Ahead of the listing, the shares of the digital-first NBFC were trading at around Rs 300 apiece in the grey market, higher than the pre-listing price of Rs 261.85.For the first 10 days, JFSL will trade in the T Group segment, which means that intraday trading won’t be possible in the stock and there will be a circuit limit of 5% either ways. This will restrict major moves in the stock, said Apurva Sheth of SAMCO Securities.“We expect that there could be some selling pressure as investors who would have bought the shares purely to benefit from demerger would like to book profits, if they get a higher price than their initial investment in RIL,” he told ETMarkets.As part of a special price discovery session held on the record date of July 20, the new stock's pre-listing price came out to be Rs 261.85 per share, which was much higher than the brokerage estimate of around Rs 190 and RIL's cost of acquisition of Rs 133.Shares of the NBFC were credited to demat accounts of eligible RIL shareholders last week in 1:1 ratio, which means that for every RIL share held as on the record date of July 20, shareholders got one share of JFSL.While some analysts are optimistic due to the strong demand for financial services in India and the company's robust parentage, others are more cautious. “Their reservations stem from the fact that Jio Financial is still in its nascent stages and hasn't yet achieved profitability,” said Sonam Srivastava, Founder and Fund Manager at Wright Research.She suggests that RIL shareholders who have acquired Jio Financial shares due to the demerger should consider retaining them for an extended period. “Jio Financial boasts a promising business model and is poised to leverage the escalating demand for financial services in India. However, potential investors should be aware that the stock might be somewhat illiquid at present, which could lead to short-term volatility,” the fund manager said.As the financial services industry already boasts of several established players, JFSL, which comes with a solid parentage, technology and financial backing, will still take its own time to set up businesses and make a dent on the competition. “Investors shouldn’t expect miracles in the short to medium term. Only investors who have a horizon beyond 5 years can consider holding on to the stock. Others are better off by exiting JFSL and entering a bank/NBFC with a fully functional business,” Seth said.The long-term outlook for Jio Financial Services Limited (JFSL) is bullish due to its focused transition to an independent financial entity with interests spread across consumer and merchant lending, asset management, insurance, payments and digital broking.JFSL has already announced a 50:50 joint venture entity with BlackRock to enter the mutual fund industry.“BlackRock's global fund management expertise combined with Jio's technical prowess and expanding clientele could reshape India's asset management industry, valued at Rs 44.3 trillion ($540.4 billion). Holding these stocks long-term could offer RIL shareholders an opportunity to benefit from the potential transformation of India's asset management landscape,” said Anirudh Garg, Partner & Head of Research at Invasset PMS. [ad_2]

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citizenrecord · 9 months

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Markets extend correction from life-time peaks

Foreign fund outflows and crude oil prices hovering above USD 80 per barrel also weighed on equity markets.

MUMBAI: Equity benchmark indices declined in early trade on Monday, extending corrections from their life-time peaks for the second consecutive session, dragged down by index heavyweight Reliance Industries after the company missed street estimates due to weak performance in oil-to-chemicals (O2C) business.

Foreign fund outflows and crude oil prices hovering above USD 80 per barrel also weighed on equity markets as traders were awaiting the US Federal Reserve’s monetary policy decision to be announced this week.

The 30-share BSE Sensex declined 87.24 points or 0.13 to 66,597.02.

The broader NSE Nifty fell 10.65 points or 0.05 per cent to 19,734.35.

From the Sensex pack, Kotak Mahindra tanked more than 3 per cent and Reliance tumbled close to 2 per cent in the initial trade.

“RIL Q1 Results misses street estimates due to weak performance in oil-to-chemicals (O2C) business on account of a sharp reduction in crude oil prices and lower price realisation of downstream products,” said Prashanth Tapse, Sr VP Research analyst at Mehta equities Ltd.

JSW Steel, Tata Steel and Tech Mahindra were other laggards.

On the other hand, Mahindra & Mahindra and Larsen & Toubro gained more than 1 per cent.

IndusInd Bank, Axis Bank and Tata Motors were among other gainers.

Of the 30 stocks, 18 were trading in green while on the 50-stock index Nifty, 27 were in positive territory.

“The near-term market trend will be influenced by a host of factors like the recent Q1 results, some major results expected this week and policy decisions like the Fed meeting outcome on Wednesday,” V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said in his market outlook.

Vijayakumar further noted that the Fed is likely to raise the rate by 25 bp on Wednesday, but the market movement will be decided by the commentary of the Fed chief regarding future inflation and rate trends.

Investors may wait and watch these events unfold.

On Friday, both the indices settled more than 1 per cent lower in the previous session, snapping their six-day record-breaking rally.

The BSE benchmark tumbled 887.64 points or or 1.31 per cent to settle at 66,684.26 on Friday.

NSE Nifty fell by 234.15 points or 1.17 per cent to end at 19,745.In Asian markets, Nikkei 225 was up 1.38 per cent, while the stock markets in Hong Kong and Shanghai were not trading.

The US markets ended broadly higher on Friday.

Global oil benchmark Brent crude was trading 0.14 per cent lower at USD 80.96 a barrel.

Foreign Institutional Investors (FIIs) were sellers on Friday as they sold equities worth Rs 1,998.77 crore, according to exchange data.

#Foreign fund #equity markets

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moneywellglobal · 9 months

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RIL-Jio Finance demerger: Reliance Industries share price after Jio Financial demerger discovered at ₹2,580 apiece

#future evaluation pack #cash elementary pack #option elementary pack

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trading-apps · 1 year

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What’s in Store for Oil Stocks After the Latest IEA Forecast?

The stock markets have had a shaky start in 2023, fuelled further by the routing of Adani shares with the release of the scathing Hindenburg report. Not far behind, various commodities, such as oil, have had a shaky start, as the jury is still out on China’s recovery.

The IEA Report

Against this backdrop, the IEA has released its monthly report stating a rise in global demand for oil by two million barrels per day, which will take the world's oil consumption to 101.9 million bbl. Even more so, it expects the oil markets to see a surplus as the Russian supply continues to be robust.

With China opening its doors again and the USA all set to refill its strategic reserves, the oil demand will remain buoyant in the first half of 2023. However, this may change after June, with the kicking in of the sanctions on Russian oil.

Moreover, monetary tightening and recessionary fears may play a spoilsport for future oil demand. Besides, Russia has announced its plans to cut down oil output by a million barrels per day (bbl/d), against the IEA’s initial estimates of 1.6 million bbl/d.

But how will it pan out for oil stocks in India?

The Fortune Favours the Oil Conglomerate

With the oil demand set to hit a record high in FY23, refining margins could improve significantly, benefiting Reliance Industries (RIL). Besides, RIL’s SEZ refinery is already exempt from the levy of windfall taxes and additional excise duty (SAED) charges.

Moreover, refiners have seen their margins squeezed owing to the waning diesel spreads. This has been aggravated by the EU’s decision to build its stockpile before the sanctions on Russian gas and oil go into effect. The rise in demand, complemented by slower refinery throughput, will bode well for refining margins.

OMCs’ Stars Lack Sheen

But these positives are unlikely to flow for oil-marketing companies (OMCs) that are already reeling under heavy losses from 2022. This is because, despite an elevation in crude prices, the Indian government forced their hand by not allowing for a corresponding rise in retail prices.

Subsequently, while the PSU OMCs (HPCL, BPCL, and IOCL) did experience strong top lines in FY22, their bottom lines left a lot to be desired. This was reflected in the 20% and 10% drops in HPCL and BPCL share prices in the last year, respectively.

On an aggregate level, OMCs have already posted losses exceeding Rs. 27,000 crore in the first six months of FY23. This is despite the moderation in oil prices over the strong Russian supply and the EU’s stockpiling efforts. They have stated under-recoveries totalling Rs. 1.1 lakh crores from petrol and diesel sales that have been cross-subsidised with ATF and naphtha sales.

Having said that, BPCL may still be able to post better performance, considering its high refining-to-marketing ratio. Moreover, relative to its peers, BPCL has better ROCE fundamentals.

Additionally, IOC’s shares may remain resilient, as its business model is more refining-driven vis-à-vis HPCL and BPCL, thereby making its fortunes less dependent on marketing margins. But heavy debt pileups—the IOC’s gross debt went up by 30%—can be a cause for concern.

Finally, with the nation set to go to elections next year, the chances of retail price hikes seem bleak, which can further dampen the shine of oil companies in the stocks market.

Are you planning to invest in the stock market? Build your portfolio today with a free Demat account on Angel One’s smart app.

#stockmarket #stocktrading

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thunderrabby-blog · 1 year

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tata steel share price: Hot Stocks: Brokerages on RIL, PolyCab India, Kajaria, Tata Steel and SAIL

Global brokerage firm JPMorgan has a positive view on Polycab India, , , etc. In the midcap space, Jefferies handpicks as its top pick and has a buy rating on from the largecap space. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Jefferies on : Buy| Target Rs 3100Jefferies maintained a buy rating on Reliance Industries with a target price of Rs…

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freddiemark · 1 month

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Analyzing Reliance Retail Share Price and the Impact of its IPO

Introduction to Reliance Retail Share Price

In the bustling landscape of Indian retail, Reliance Retail Ventures Limited (RRVL) has emerged as a juggernaut, redefining the dynamics of the industry with its innovative strategies and expansive reach. As a subsidiary of Reliance Industries Limited (RIL), India's largest conglomerate, Reliance Retail has witnessed remarkable growth, captivating investor interest and reshaping market dynamics. This article delves into the captivating narrative of Reliance Retail share price trajectory, with a keen focus on its Initial Public Offering (IPO) and the factors influencing its market performance.

Understanding Reliance Retail: A Brief Overview

Reliance Retail, the retail arm of Reliance Industries Limited, has etched its presence across diverse segments, including grocery, fashion, electronics, and digital services. With a pan-India footprint comprising thousands of stores and a robust e-commerce platform, Reliance Retail has become synonymous with convenience, affordability, and innovation. Leveraging its synergies with RIL's other businesses, Reliance Retail has created a formidable ecosystem, offering consumers a seamless shopping experience.

Reliance Retail Share Price: A Historical Perspective

To comprehend the dynamics of Reliance Retail share price, it's essential to delve into its historical performance. Over the years, the company's stock has been a reflection of its strategic maneuvers, financial prowess, and market sentiments. The trajectory of Reliance Retail's share price has been marked by periods of exponential growth, interspersed with occasional corrections and consolidation phases.

Despite encountering market volatilities, Reliance Retail has demonstrated resilience, with its share price exhibiting an upward trajectory fueled by robust business fundamentals, strategic acquisitions, and market expansion initiatives. The company's ability to adapt to changing consumer trends, innovate across business verticals, and capitalize on emerging opportunities has been instrumental in driving its stock performance.

The Impact of Reliance Retail IPO

One of the watershed moments in Reliance Retail's corporate journey was its Initial Public Offering (IPO), which captured widespread attention and investor enthusiasm. The IPO represented a strategic move aimed at unlocking value, enabling broader participation in the company's growth story, and providing Reliance Retail with the necessary capital infusion for expansion and strategic initiatives. Backed by RIL's reputation and track record, the IPO garnered significant investor interest, reflecting confidence in Reliance Retail's prospects.

The IPO not only catapulted Reliance Retail into the limelight but also reinforced its position as a dominant player in India's retail landscape. It provided a platform for the company to showcase its robust business model, diverse revenue streams, and growth potential to potential investors. Moreover, the IPO facilitated liquidity for existing stakeholders, enabling them to monetize their investments and unlock value.

Factors Influencing Reliance Retail Share Price

Several factors influence the share price dynamics of Reliance Retail, encompassing both internal and external elements. Let's explore some key determinants shaping the company's stock performance:

1. Financial Performance: Reliance Retail's financial performance, including revenue growth, profitability margins, and cash flow generation, serves as a key determinant of its share price. Strong quarterly earnings, coupled with prudent financial management, often translate into positive market reactions and upward momentum in the stock price.

2. Expansion and Diversification: Reliance Retail's expansion initiatives, both organically and through strategic acquisitions, play a crucial role in shaping investor perceptions and driving share price appreciation. The company's foray into new markets, introduction of innovative retail formats, and diversification into high-growth segments contribute to its long-term growth trajectory, thereby positively impacting Reliance Retail share price.

3. Economic and Market Trends: Macroeconomic indicators, consumer sentiment, and broader market trends exert significant influence on Reliance Retail's share price. Favorable economic conditions, coupled with rising disposable incomes and consumption patterns, bode well for the company's retail operations, driving investor confidence and share price appreciation.

4. Technological Disruptions: The advent of digital technologies and e-commerce platforms has revolutionized the retail landscape, presenting both opportunities and challenges for Reliance Retail. The company's ability to embrace digital transformation, innovate across its omnichannel offerings, and leverage data analytics to enhance customer experiences can influence its competitiveness and, consequently, Reliance Retail Stock Price.

5. Regulatory Environment: Regulatory changes and policy interventions, particularly those related to foreign direct investment (FDI) norms, taxation policies, and retail regulations, can impact Reliance Retail's operations and profitability, thereby influencing its share price.

6. Investor Sentiment and Market Perception: Investor sentiment, analyst recommendations, and institutional investor interest play a crucial role in shaping market perceptions about Reliance Retail. Positive analyst coverage, favorable investor sentiment, and strategic endorsements can bolster investor confidence and drive share price appreciation.

Conclusion The journey of Reliance Retail share price is a captivating saga, reflecting the company's resilience, strategic foresight, and commitment to value creation. From its historical performance to the transformative impact of its IPO, Reliance Retail's trajectory in the stock market underscores its emergence as a formidable force in India's retail landscape. As the company continues to innovate, expand its footprint, and capitalize on emerging opportunities, investors remain poised to reap the benefits of its sustained growth and value creation. With a steadfast focus on consumer-centricity, technological innovation, and strategic partnerships, Reliance Retail is poised to chart new heights, driving shareholder value and shaping the future of retail in India and beyond.

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lakannada · 1 year

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