Why are Reliance, Info Edge underperforming? Deepak Shenoy explains
“Over time, the ROE of Reliance has to improve from where it is right now and the only way they will do that is by eventually de-merging into separate businesses. Until that happens, I do not see a hope of a sudden re-rating of Reliance Industries itself. But we are holding on because we think eventually these businesses will be de-merged and individually listed and investors will make the best of all of them. ”
