First made profit history, now stock market wonder, Reliance earns Rs 1.29 lakh crore in 45 minutes

Shares of Mukesh Ambani’s Reliance Industries fell by around 28 percent in the current year. In such an environment Jio Platform’s IPO came first and broke all stock market records. Jio platform became the second largest company in the country. But Reliance Industries shares did not see any bounce, which was expected. All hopes now rested on the quarterly results.

Reliance Industries presented its report card to the world on Friday evening and history was made. The results showed a 41 percent jump in Reliance’s net profit year-on-year. This may have been seen for the first time in many years. The effect of which was also seen in the shares of Reliance Industries on Monday.

Shares of Reliance Industries jumped over 8 percent on the BSE, valuing the company at just Rs. 17 lakh crore has not only crossed, but Rs. A profit of over 1.29 lakh crores was also made. If the experts are to be believed, the shares of Reliance Industries may see a further increase in the coming days. Let us also tell you what kind of statistics are being seen in the shares of Reliance Industries.

Reliance Industries shares get a bumper boost

According to BSE data, Reliance Industries’ share stood at Rs. 1,227.40 and within 45 minutes closed at Rs. 1,259 reached the day’s high. However, the shares of the company closed at Rs 1,163.55 on Friday. At 12:15 pm, the company’s shares rose 7.72 percent to Rs. is trading at 1253.40. However, the company shares at Rs. It is trading about 22 percent below its 53-week high of 1,611.20. If the shares continue to rise like this, the company’s losses may be recouped soon.

Why did the company’s shares rise?

Reliance Industries reported a 41% year-on-year rise in its consolidated net profit (attributable to shareholders) in the September quarter, at Rs. 25,548 crore has been reached. In the same period last year it was Rs. 18,165 crores. The growth was driven by strong contributions from the company’s ‘Oil-to-Chemicals’ (O2C) and ‘Digital-Services’ businesses. Income from operations rose 29 percent year-on-year to Rs. 3.32 lakh crore, which in the same quarter last year was Rs. 2.58 lakh crores. The ‘Oil-to-Chemicals’ (O2C) segment was the biggest contributor to this increase in earnings. EBITDA of this segment increased by 68 percent year-on-year to Rs. 15,008 crore to a record Rs. 25,203 crores.

Zarif’s estimate is up 47 percent

Jefferies has maintained its ‘Buy’ rating on the stock and Rs. Given a target price of 1,710, it could rise up to 47 percent. The brokerage firm said the company’s consolidated EBITDA was 6% higher than expected, due to the excellent performance of the O2C segment, which compensated for a 6% decline in the retail segment. Core retail growth and EBITDA declined year-on-year (YoY) due to impact of festive timing changes and continued expansion of ‘quick commerce’ (QC).

Jefferies expects O2C segment profits to remain high during the winter due to damage to refining infrastructure in the Middle East and Russia. The brokerage has raised its EBITDA estimates by 6 percent and 2 percent for FY2027 and FY2028, respectively. The firm also said the stock is trading more than 2 standard deviations above its long-term average, indicating extremely pessimistic investor expectations. According to Jefferies, an earnings upgrade and recovery (to mid-teens levels) in retail growth could act as a catalyst for re-rating the stock.

What is Nomura’s prediction?

Nomura has set its target price for Reliance at Rs. 1,690 per share to Rs. 1,560, while giving a new upside potential of 34 percent. Brokerages say consolidated EBITDA came in 9 percent higher than their estimates. The outperformance was mainly due to the better-than-expected oil-to-chemicals (O2C) segment, while the upstream and telecom businesses performed as expected. However, retail EBITDA was 10 percent below brokerage estimates.

EBITDA of O2C business Rs. 25,200 crore, while Nomura’s estimate was Rs. 20,300 crores. This is 48 percent over the previous quarter and over the same quarter last year at Rs. 68, the segment’s strongest quarterly performance ever. Compared to last year, prices of gasoil, aviation turbine fuel (ATF) and gasoline have increased by 3.5 times, 3.7 times and 3 times respectively. The crude oil basket improved quarter-on-quarter due to lower costs, better margins and increased throughput.

This estimate was made by Nuwama Institutional Equities

Nuwama Institutional Equities has maintained its ‘Buy’ rating on RIL and Rs. Given a target price of 1,703, which means it has an upside potential of 25 percent. However, the brokerage cut its target to Rs 100, taking into account the holding company’s 25% discount after the listing of the Jio platform. 1,766 have been done. He said that RIL has Rs. 1.17 lakh crore in nominal net debt (debt), which is 1% lower than last year. This controls the ‘weighted average cost of capital’ of the company.

Nuwama said its ‘golden refining era’ forecast remains intact, under which it is expected to achieve sustainable gross refining margins of more than $10 per barrel. It further states that the launch of Reliance’s ‘new energy’ business could contribute more than 50% to its ‘profit after tax’ over time. Also, the valuation of the entire business, including the O2C business, may also see a re-rating, supported by the company’s ‘net-zero carbon’ target by 2035.

A valuation of Rs. 1.29 lakh crore has increased

Due to this increase in Reliance Industries shares, the value of the company increased by Rs. 1.29 lakh crore has increased. If we look at the data, when the Reliance Industries stock hit the day’s high, the company’s valuation was seen at Rs 17,04,357.77 crore. While the company’s share price was Rs 15,75,143.36 crore on Friday. This means that during the trading session the valuation of the company increased by Rs. 1,29,214.41 crore has increased.