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Calculations done by global brokerage firm JPMorgan sees Reliance Retails enterprise value at $112 billion and implied equity value at $102 billion. UBS has valued it at $110 billion, Bernstein at $111 billion while domestic brokerage JM Financial's estimate is at $105 billion.
Sushil Choksey, MD, Indus Equity Advisors. Reliance Industries has announced a mega petchem JV with Abu Dhabi National Oil Company (ADNOC). We understand that Reliance Industries is likely to pump in close to $1.5 billion in the JV to start with. How are you looking at this overall bolstering of petchem plans? This is very positive news from Reliance’s perspective. The company is energising itself from a domestic front to an international location which is very strategic in terms of the power cost, the fuel cost, and the fuel mix and with a right partner at the right location. Investment o...
The key trigger to watch out is Reliance AGM and see if there are specific announcements related to its oil-to-chemicals business, says Sushil Choksey of Indus Equity Advisors. Edited excerpts from an interview: What do you make of the big up move in Reliance shares in a matter of two days? What did we miss out over there? RIL share prices peaked out around September-October and was underperforming. Within 14,300 to the current range, Nifty might have moved 2-3 times but Reliance kept sliding from the peak by almost Rs 350. Now look at the triggers for the stock. Its petrochemical business ...