How to trade RIL shares after Q1 earnings
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Shares of Reliance Industries (RIL) are expected to open with a gap-up when trading resumes on Monday, following a stronger-than-expected profit jump in Q1. Having gained 16% over the last three months, RIL shares may have more upside from current levels and could rally up to 22% this year, according to experts.Mukesh Ambani-led Reliance Industries Ltd (RIL) reported a 78% year-on-year (YoY) increase in its Q1FY26 consolidated net profit to Rs 26,994 crore, compared to Rs 15,138 crore in the same period last year. The profit attributable to the owners of the company exceeded Street estimates of Rs 22,069 crore. On a sequential basis, profit after tax (PAT) rose 39% from Rs 19,407 crore in Q4FY25."We are noticing a strong trend in Reliance stock as it continues to form higher tops and higher bottoms on the technical charts. The strong results may provide further support to the prices," said Anuj Gupta, Director at Ya Wealth Global Research.He recommends a 'Buy' on Reliance Industries shares when markets open, with an immediate-term target of Rs 1,500 to Rs 1,530. In his view, the stock could test levels between Rs 1,600 and Rs 1,800 over the next six months, implying an upside potential of up to 22% from Friday's closing price of Rs 1,476 on NSE.RIL's earnings were in line with Gupta's expectations, he said, adding that robust management commentary and business expansion in Jio, Reliance Retail Ventures, and the O2C segment would support stock prices.Expert Nilesh Jain, Head Vice President, Equity Research – Technical and Derivatives at Centrum Broking, recommends an 'Accumulate on dips' strategy from a long-term portfolio perspective. "Technically, Reliance had earlier given a breakout above the crucial Rs 1,460 level and rallied up to Rs 1,550. However, recent profit booking has dragged the stock back near its breakout zone of Rs 1,460, which now serves as a key make-or-break level," he warned.He added that the core earnings reflect a strong performance by RIL.Fundamental analyst Kranthi Bathini also echoed a 'Buy' call, recommending dip buying for investors with a long-term view. For existing investors, he suggested a 'Hold', estimating an upside of 15–20% over the next 12 months. "RIL reported strong growth in its Q1 profits aided by other income from the stake sale in Asian Paints, and traction in its O2C business is improving," said the Director – Equity Strategy at WealthMills Securities. The company's consumer-facing businesses, Jio and retail, are performing strongly and remain key growth drivers, he added.Energy-to-retail conglomerate Reliance Industries (RIL) on Friday posted its June quarter earnings, marking several key milestones, including its highest-ever consolidated quarterly operating profit and net profit. Its telecom arm surpassed 200 million 5G subscribers, while the retail business delivered double-digit EBITDA growth and industry-leading margins.Read more: RIL Q1 Results: 10 key takeaways from Mukesh Ambani-led energy-to-retail conglomerate's earnings (Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times
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Time of India
31 minutes ago
- Time of India
City's iconic furniture market demolished
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Personnel from the MC, civil defence, fire and emergency services, and enforcement department were also present. The demolition drive was scheduled to start at 7am but the staff involved turned up earlier. In the wake of fervent appeals by shopkeepers struggling to remove heavy furniture from their shops, they were given two more hours to do so. In the absence of resources like godowns or alternative sites, desperate shopkeepers resorted to distress sale of furniture at throwaway prices, offering 50% to 60% discounts. Deputy commissioner Nishant Kumar Yadav, SSP Kanwardeep Kaur, along with other administrative and police officials, also visited the furniture market to assess the demolition drive and the situation on the ground. When the dust settled towards the evening, the Chandigarh administration said that it was committed to planned and sustainable urban development, with public interest as its guiding priority. "The administration has successfully reclaimed approximately 10 to 12 acres of land in Sectors 53–54, previously under illegal occupation by the furniture market. The reclaimed land, acquired for the third phase of Chandigarh's urban expansion, has now been handed over to the Engineering Department for its planned development. Valued at approximately Rs 400 crore, the land holds significant importance for the city's growth and future infrastructure projects," an official release from the Chandigarh administration reads. Referring to the compensation given to original landowners at the time of land acquisition years ago, the administration stated, "The original landowners have been duly compensated in accordance with applicable laws and regulations, ensuring a fair and transparent acquisition process. It is the Chandigarh administration's firm stance against illegal encroachments. All unauthorized occupations of public land will be dealt with strictly, and appropriate measures will continue to be taken to prevent such violations in the future. " Meanwhile, shopkeepers at the furniture market maintain that they never encroached on the land. According to them, they had been paying rent to the original landowners much before the administration acquired the land. They had agreed to be relocated and were trying to buy time so that they could gather resources for auction and to pay off loans. **Box: Greater good: DC Chandigarh deputy commissioner Nishant Kumar Yadav said, "I urge all the citizens of the city to uphold the city's planned character and to refrain from unauthorized occupation of public land. Such initiatives are essential for Chandigarh's holistic development and to ensure that public resources are utilised for the greater good of all residents." Box: Betrayed, lied to: Traders assn Talking to TOI, Sanjiv Bhandari, president, Furniture Market Association, said, "Chandigarh administration has acted atrociously by removing us before rehabilitating us. We are not encroachers and have been here since 1986. The Chandigarh administration itself conducted surveys six times. We were ready to make payment, but the administration did not listen to us." Maintaining that the furniture market was the oldest in the city and the shopkeepers had been paying taxes diligently, he said that the market provided employment and income to over 5,000 people. Accusing the administration of reneging on its promise and organising the drive in a way that they would not been able to get a court reprieve, Bhandari said, "Our matter is still pending with the High Court, and the date is scheduled for Tuesday, and they demolished the market today (Sunday). We supported the administration each and every time, but they did not listen to us. They promised us to first give the land and then remove us from here, which they did not do. " Highlights of the drive —116 shops demolished in a 4-hour operation on Sunday morning. —Market was located between Sectors 53 and 54, established in 1986. —10–12 acres of prime land reclaimed, valued at Rs 400 crore Security & Execution —1,000 police personnel deployed to prevent protests —Roads leading to the market were sealed —Officials from MC, civil defence, fire services, and enforcement were present —Shopkeepers were given 2 extra hours to remove furniture. Impact on Traders —Traders resorted to distress sales with 50–60% discounts —No alternative sites or godowns provided. —Market supported over 5,000 livelihoods. —Traders claim they were paying rent and were willing to relocate, but were denied time and support. Administration's Stand —Land handed over to Engineering Department for urban development. —Original landowners were compensated as per law —Administration reiterated its stance against illegal encroachments (Photos by Pritam Thakur) MSID:: 122798777 413 |
Time of India
32 minutes ago
- Time of India
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Time of India
32 minutes ago
- Time of India
Govt keeps tabs on capex as private investment lags
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