Jio and Retail: The future game changers for Reliance, says Deven Choksey (20-07-2024)
"Reliance's EBITDA was temporarily impacted by refining cracks, but growth in Jio and retail is steady. We anticipate 15-20% ARPU growth and potential demergers, leading to a stable stock price," says Deven Choksey.“In the Jio platform, we are likely to see a higher amount of growth because the full impact of the price hike or tariff hike in the ARPU is expected to happen somewhere in the subsequent quarters of the current financial year,” says Deven Choksey, MD, DRChoksey FinServ Pvt. Ltd. Edited excerpts:
These 5 stocks witnessed a rise in prices and volumes in last 3 days (20-07-2024)
The analysis involves stocks with a market cap of over Rs 500 crore.
Concurrent Gainers: These 5 stocks rallied for 5 days in a row (20-07-2024)
ETMarkets has formed a list of five stocks from the BSE500 that showed consistent price increases throughout the last five sessions.
FPIs net buyers of Indian equities at Rs 30,772 crore in July so far. Know what they are spending on (20-07-2024)
In June, FPIs turned net buyers in Indian equities, investing Rs 26,565 crore, reversing the trend of outflows in April and May. This followed a mixed start to the year, with selling in January, buying in February and March, and then selling again in the following months.
JSW Energy PAT soars 80% YoY to Rs 522 crore in Q1 FY25 (20-07-2024)
The power generation company's consolidated net profit jumped 79.99% to Rs 521.76 crore in Q1 FY25 as compared with Rs 289.88 crore recorded in Q1 FY24.
Shakti Pumps (India) consolidated net profit rises 9166.00% in the June 2024 quarter (20-07-2024)
Sales rise 402.00% to Rs 567.56 crore