I have always found Reliance a difficult company to analyse. Petchem, retail, telecom, and a host of other start up like businesses, and now this Jio financial listing.
I have no idea about Jio financial, what it plans to do and how it plans to grow. So it’s difficult to value this kind of business.
Reliance over the very long term has created a lot of wealth for investors
But I have never invested seriously in it, except for some situations where there have been technical breakouts.
And I doubt if I will want to own it, in view of so many faster options available in current markets. My idea is always to make the most out of bull markets, and in the calls you get right. That helps when the bear markets inevitably follow and take back some percentage of the returns.
I don’t know what kind of view to express for someone owning RIL and Jio financial…
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