Reliance multibagger stock research

Reliance Industries

Reliance Industries

BSE SENSEX

20 oct 2019

Update | Sector: Oil & Gas

CMP: INR 1416

TP: INR 1,600

Company VISION:-

RIL and Saudi Aramco have agreed to a non-binding letter of intent (LOI),

wherein the latter may acquire a 20% stake in the ‘oil-to-chemicals’

division at an enterprise value of USD75b.

Consumer business is expected to contribute 50% of RIL’s consolidated

EBITDA soon (v/s 32% in FY19).

Fiber business will be rolled out commercially pan-India starting Sep’19.

The target is to become a ‘zero net-debt’ company in the next 18 months.

It expects consolidated EBITDA growth of 15% for the next five years.

Jio and Retail may be listed within the next five year.

So reliance industry is the first indian company to have a market capitalization of nine lakh crore rupee's