Jio Gains 2.4 Million Mobile Users In August, Airtel 2.1 Million: TRAI Data
Reliance Industries is in focus.
· NDTV Profit, BS Companies
Vodafone Idea added about 506,000 wireless mobile subscribers during the month, while state-owned BSNL gained nearly 493,000 users.
The analysis
Against that, the stock is -2.5% on the day at ₹1,177.40, and has returned -7.9% over three months. It sits 26% below its 52-week high, which means a good deal of bad news was already in the price. The oil & energy sector has moved -0.3% over the same period, so Reliance Industries is running 7.6 points behind its peers.
For Reliance Industries, the question is how much of this is already reflected in the price and how much re-rates the oil & energy peer set alongside it.
Market context
- The company directly in focus is RELIANCE.
- Sector exposure: Oil & Energy, Telecom & Media.
- The immediate tone of coverage reads positive.
In this story
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