Telecom activities remain an important driver
Sudip Bandyopadhyay, Group Chairman, Inditrade Capital in an interview with ET Now said: “Telecom has performed well. ARPU has met expectations and customer additions are happening at a blistering pace, even faster than Bharti Airtel. This segment will remain a core pillar of Reliance’s financial services business.”
Stock Reaction and Market Outlook
When asked about possible market reactions, Bandyopadhyay noted: “Overall, results are in line with expectations. The O2C and retail segments performed well, supported by the festive season and GST relief. ARPU increased as expected. Any comments from management on the Jio listing will guide broker reports and market reaction.”
Jio Listing: Unlocking Shareholder Value
About the upcoming Jio listing, likely in the first half of next year, he added: “There are two possible routes: a separate IPO or a demerger like Jio Financial Services. Either way, Jio is a fast-growing company with huge value creation opportunities. We will have to wait and see how management moves forward.”
O2C, digital and FMCG segments
On O2C and digital services, Bandyopadhyay said: “O2C performed as expected, although the segment is volatile due to global crude oil price changes. Digital and FMCG figures will be interesting to watch, especially as FMCG is now a separate subsidiary. The new energy sector is also worth monitoring.” New energy and investment plans
On Reliance’s new energy investments worth Rs 75,000 crore, he noted: “It is too early to expect any major announcements. Any commentary on performance or unlocking value will be closely watched by the market and brokers.”
Long-term investor perspective
Bandyopadhyay concluded with advice for investors: “Reliance is a fantastic company that has all the growth enablers. Investors should take a three to five year view. Unlocking value in telecom, retail, FMCG and new energy will happen over time. Stay invested and be patient.”
Reliance Industries’ diversified business model, strong telecom and retail performance and future growth prospects make it a key focus for long-term investors looking for sustainable value creation.
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