Mumbai: Analysts at most top brokerages raised or retained share price targets on Reliance Industries (RIL) following the company’s March quarter results which were mostly in line with estimates. The stock fell 1.4% to close at ₹2,919.5 on Tuesday The average analyst price target on Reliance after the fourth quarter results stood at ₹3,113.94 – …
MUMBAI: Undoubtedly, the current financial year has been a remarkable one for the little ninjas of Dalal Street – smallcap stocks – as we saw as many as 181 of them turning multibaggers. What’s worth noting is that more than 100 of these smallcap stocks went through a bad phase in the preceding financial year. …
Brokerage Jefferies initiated coverage with a buy rating on Shriram Finance while UBS maintained a buy rating on Dr Lal PathLabs and Reliance Industries. Bernstein has an outperform rating on HDFC Bank. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Jefferies on Shriram Finance: Buy| Target Rs …
Brokerage firm Morgan Stanley maintained an overweight rating on RIL and an overweight rating on Indian Oil Corporation (IOC). Sharekhan recommended a buy on ICICI Bank and ICICIdirect has a buy rating on PCBL. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Morgan Stanley on RIL: Overweight| …
Paramount Global will exit Viacom18 by selling its remaining 13.01% stake to Reliance Industries for ₹4,286 crore, a deal that will value the Indian media company at about ₹33,000 crore. In separate regulatory filings, the US media and entertainment major and the Mukesh Ambani-led Indian conglomerate have said the transaction is subject to the satisfaction …
Reliance Industries has agreed to buy Paramount Global’s entire 13.01% stake in local entertainment network Viacom 18 Media for approximately Rs. 4,286 crore, RIL said in a regulatory filing. “A binding agreement has been entered between Reliance and two subsidiaries of Paramount Global to acquire 13.01% equity stake (on a fully diluted basis) of Viacom …
Major League Cricket (MLC) has signed American IT services and consulting company Cognizant as the first-ever title sponsor of America’s only professional cricket championship. MLC returns for its second season, featuring world-renowned US cricketers for T20 cricket action starting on July 4. The 2024 MLC season will feature matches at Grand Prairie Cricket Stadium in …
The $8.5 billion behemoth birthed by the merger of RIL’s Viacom18 and Walt Disney’s Star India is set to redefine media, entertainment and sports in India. With over 750 million viewers, 200,000-plus hours of content and all the key cricket properties under its belt, the new entity could very well change the rules of the …
Walt Disney CEO Bob Iger believes the joint venture with Mukesh Ambani’s Reliance Industries Limited (RIL) will enhance the company’s bottom line and reduce risk in the Indian market. Iger also said that the JV deal will allow Disney to own a significant stake in a larger media entity and also maintain a presence in …
NEW DELHI: The Walt Disney Co. announced Wednesday a joint venture with India’s biggest conglomerate, Reliance Industries, in an $8.5 billion deal that will create a media powerhouse in the world’s most populous nation and end Disney’s decadeslong solo effort to gain a foothold in the market. Reliance Industries, which is owned by Mukesh Ambani, …