Reliance Industries Strategy
Corporate Biggie Reliance industries have taken several steps in Finding new opportunities to Empower the Nation. As a strategic move to regain No.1 Spot in the market, the company has expanded its horizon across multiple avenues. Jio launch is a real Digital Revolution towards Creating magical Lifestyles. By building a billion relationship company is eying on delivering happiness to its customers. Operating the worlds largest refinery had not able to add much to companies Bottom line from almost 8 years.
Fundamentals of Reliance Industries:
In 10 Years, Company has given poor profit growth of 8.9% and Sales growth of 8.5%. With 5 years ROI, similar to average Fixed Deposit Interest rate in India, stock price was not able to deliver a growth to its shareholders.
Technicals of Reliance:
The stock price was in consolidation (marked in a rectangle in the chart) from 2009 till 2017. On a Daily, Weekly and Monthly timeframe, the stock price is able to give a Multi-Year Breakout. Current price band can be a new base for further bullishness. Rs. 940 can act as multi-year support from now on.
On a lighter note, we can claim that 10 years OIL couldn’t do anything and SIM did the thing in less than 10 months.Can it be Khul Ja SIM SIM for reliance shareholders? Only time can reveal.
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Note: Information presented in the above article is available in public domain and it should not be treated as “Research Report”
Registration Status: I am not a SEBI registered Research Analyst.
As per SEBI (RESEARCH ANALYSTS) REGULATIONS, 2014 and clarifications provided by SEBI “Any person who makes a recommendation or offers an opinion concerning securities or public offers only through public media is not required to obtain registration as research analyst under RA Regulations.”
Disclaimer: I do not hold any position in Reliance.