"My understanding is that Reliance is a 25% compounder for the next 10 years. If you want to look at Reliance from a six-month period or for a year, I am not an expert on that."
Reliance Industries, Rossari Biotech, Tata Power and other stocks to watch out for on June 3
Jun 3, 2021
Reliance Industries
It will complete the separation of its oil-to-chemicals business into a subsidiary by the end of 2021. Jio and Qualcomm have successfully tested 5G solutions, achieving 1Gbps speeds. It has also made a pre-payment of $7.8 billion long-term foreign currency debt.
Credit: BCCL
Rossari Biotech
It will acquire Unitop Chemicals, which supplies surfactants, emulsifiers and specialty chemicals, in a deal worth ₹421 crore.
Credit: Rossari-Biotech
Tata Power
Its subsidiary, Tata Power Solar, has received orders worth ₹686 crore to set up 210MWp of solar projects in Gujarat for the state-owned NTPC. Tata Solar Power now has a total order pipeline of 2.8GW, worth ₹13,000 crore.
Reliance Industries (RIL) shares rose 11% last week on rising polymer spreads, marking end of corrective phase. The stock could be heading towards a record high of Rs 2,490, say analysts