Next 5 years are critical for Reliance Industries and associate companies as we may see lot of action due to the frantic pace at which the following businesses are growing :
- Oil refining - Shell / MNC investing in equity
- Retail - acquisition of Big Bazaar will kick in
- Jio - Mobile platform with hardware selling handsets to subscriptions
- Media - a behemoth with Hathway + TV18 + Network18 + Den Networks.
Past Performance :
The last 5 years chart indicates bullishness and the next 5 years could create wealth for investors.
After touching 2370 levels the scrip has been declining and is likely to move depending on the Q2 results likely to be announced on 30th Oct 20.
The next 5 years we expect a stellar performance as it can give 3x to 4x return on the investment.
We have recommended a buy on RIL on 16th May at Rs.1450 levels and the scrip has already given > 50% returns to the investors. https://ingeniousinvestor.blogspot.com/2020/05/reliance-industries-limited-buy-on.html
Our Recommendation :
Investors can also look at buying ReliancePP which is trading at a slight discount and also gives opportunity to pay for the scrip in a staggered manner. You pay Rs.1200 now and rest 900 in next 2 years.
Raghav
Equity Researcher
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