NEW DELHI: Shares of Reliance<\/a> Industries (RIL) climbed 3 per cent in Monday's trade after a hike in tariffs by Jio led analysts to increase earnings forecast for the telecom-to-oil major.

A few brokerages have price targets that suggest up to 20 per cent upside for the stock.

JPMorgan said the hike has restored Jio's tariff discount to Bharti Airtel. It noted that JioPhone's tariff has remained unchanged and that Jio's subscriber traction should remain strong. The foreign brokerage has raised its FY22-24 earnings estimates for Jio by 5-23 per cent.

Motilal Oswal Securities said RJio's tariff hike was across all price plans, including on JioPhone’s lowest 28-day plan, which was better than its expectation of a tariff hike in only the smartphone category.

The 20 per cent tariff hike may lead to incremental revenue of Rs 15,000 crore and Ebitda of Rs 9,700 crore, the brokerage said, adding it would lift the overall ARPU (average revenue per user) to Rs 175 from Rs 145.

That said, for RJio, there could be a risk of downtrading to lower price plans, as a consumer can save 20-25 per cent for even a 1GB\/day plan, Motilal Oswal said. “This is unlike Bharti and Vodafone Idea, which has limited risk of downtrading due to the design of the price plans.\"

Motilal Oswal said the current valuation factors a rich 20 times EV\/Ebitda multiple to RJio that partly factors the tariff hike. This brokerage has a target of Rs 2,900 for the Reliance Industries stock, which suggests a 20 per cent upside over Friday's close.

Kotak Institutional Equities has upgraded RIL to buy from add, noting favorable reward-risk balance after the recent correction and relative sharp underperformance versus peers in telecom and retail businesses.

\"We expect RIL’s Ebitda to grow by a robust 26 per cent CAGR over the next two years driven by strength in refining and polyester margins, rise in telecom tariffs, robust growth in retail and increase in E&P contribution. We also expect the stock to rerate led by scaling up of new commerce and new energy forays,\" Kotak said, while suggesting a target of Rs 2,850 on the scrip.

During the previous tariff hike in December 2019, RJio’s Ebitda increase was gradual over 4-5 quarters, unlike peers which saw the benefits accruing over two quarters as the company highlighted that it has a high share of long validity customers.

Meanwhile, the stock also got a boost from reports that the Mukesh Ambani-led company is weighing a bid for UK telecoms group, BT, formerly British Telecom, according to multiple people familiar with the matter. This comes just two months after Reliance was outbid by a PE consortium of Apax Partners and Warburg Pincus who scalped T-Mobile’s Dutch unit for €5.1 billion (Rs 43,329 crore, according to the current conversion rate). Nonetheless, the unexpected bid for the Dutch telecom unit signalled Ambani’s global telecom aspirations. Ambani also has been shuttling between Mumbai and London, after buying the iconic Stoke Park for £57 million.

<\/p><\/body>","next_sibling":[{"msid":87975700,"title":"PC shipments in China grew 3% to reach 15.09 million units in Q3: Canalys","entity_type":"ARTICLE","link":"\/news\/pc-shipments-in-china-grew-3-to-reach-15-09-million-units-in-q3-canalys\/87975700","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"87975292","title":"Reliance Industries share price","entity_type":"IMAGES","seopath":"markets\/stocks\/news\/brokers-up-ril-estimates-after-jio-tariff-hike-sees-up-to-20-upside\/reliance-industries-share-price","category_name":"\u200b\u200bBrokers up RIL estimates after Jio tariff hike, see up to 20% upside","synopsis":false,"thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-62005\/87975292.cms?width=150&height=112","link":"\/image\/markets\/stocks\/news\/brokers-up-ril-estimates-after-jio-tariff-hike-sees-up-to-20-upside\/reliance-industries-share-price\/87975292"}],"msid":87976389,"entity_type":"ARTICLE","title":"\u200b\u200bBrokers up RIL estimates after Jio tariff hike, see up to 20% upside","synopsis":"Motilal Oswal said the current valuation factors a rich 20 times EV\/Ebitda multiple to RJio that partly factors the tariff hike. This brokerage has a target of Rs 2,900 for the Reliance Industries stock, which suggests a 20 per cent upside over Friday's close.","titleseo":"telecomnews\/brokers-up-ril-estimates-after-jio-tariff-hike-see-up-to-20-upside","status":"ACTIVE","authors":[{"author_name":"Amit Mudgill","author_link":"\/author\/479242126\/amit-mudgill","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479242126.cms?width=100&height=100","author_additional":{"thumbsize":false,"msid":479242126,"author_name":"Amit Mudgill","author_seo_name":"amit-mudgill","designation":"Journalist","agency":false}}],"analytics":{"comments":0,"views":176,"shares":0,"engagementtimems":880000},"Alttitle":{"minfo":""},"artag":"ETMarkets.com","artdate":"2021-11-29 12:55:09","lastupd":"2021-11-29 12:56:06","breadcrumbTags":["reliance share price target","reliance","reliance shares","reliance share price","reliance news","reliance jio","RIL share","Industry"],"secinfo":{"seolocation":"telecomnews\/brokers-up-ril-estimates-after-jio-tariff-hike-see-up-to-20-upside"}}" data-authors="[" amit mudgill"]" data-category-name="" data-category_id="" data-date="2021-11-29" data-index="article_1">

经纪人瑞来斯估计Jio关税上调后,看到上涨20%

Motilal Oswal说,当前的估值因素丰富的20倍EV / Ebitda多个RJio这部分关税提高的因素。这个经纪公司信实工业股票Rs 2900的目标,这意味着在上周五收盘上涨20%。

更新于2021年11月29日12:56点坚持

新德里:股价依赖行业(瑞来斯)在周一的贸易上升了3%电费上涨后Jio导致分析师增加telecom-to-oil主要的收益预期。

几家券商有目标价,表明股票的上涨20%。

摩根大通表示,上调恢复了Jio Bharti Airtel的关税优惠。它指出,JioPhone的关税有保持不变,Jio订户牵引应会保持强劲。外国券商上调FY22-24获利预估Jio 5-23每分钱。

Motilal Oswal说证券RJio关税上调所有价格计划,包括JioPhone最低28天的计划,这是比其预期上调关税只智能手机类别。

20%的关税上调可能导致增量收入15000卢比,息税前利润9700卢比,经纪公司说,它将提高整个ARPU(每用户平均收入)从145卢比175卢比。

RJio说,可能会有一个downtrading风险低的价格计划,作为一个消费者可以节省每分钱甚至一个1 gb / 20 - 25天计划,Motilal Oswal说。“这不像巴蒂电信和沃达丰的想法,downtrading风险由于有限的设计价格计划。”

Motilal Oswal说,当前的估值因素丰富的20倍EV / Ebitda多个RJio这部分关税提高的因素。这个经纪公司信实工业股票Rs 2900的目标,这意味着在上周五收盘上涨20%。

科塔克机构股票已经从添加升级瑞来斯购买,注意reward-risk顺差经过了最近的调整和相对大幅表现逊于同行电信和零售业务。

“我们预计瑞来斯的Ebitda的复合年增长率26%的速度强劲增长在未来两年内由强度在炼油和聚酯利润率,增加电信关税,在零售和增加勘探生产强劲增长的贡献。我们也期望股票rerate扩大领导的新商业和新能源对,”科塔克说,虽然显示的目标Rs 2850代币。

在过去的关税上调2019年12月,RJio Ebitda增长逐渐在4 - 5个季度,与同行看到了多少益处随着两个季度该公司强调,它有一个高的长有效客户。

与此同时,股票也接到报告的提振,穆克什Ambani-led公司正在考虑竞购英国电信集团BT,以前英国电信公司,根据多个知情人士。这仅仅是两个月后的依赖是由一个私人股本财团出价高于Apax Partners和华平杀害的t - mobile的荷兰单位为€51亿(43329卢比,根据当前转化率)。然而,意想不到的竞购荷兰电信单位表示安巴尼的全球电信的愿望。巴尼也一直往返于孟买和伦敦,在购买标志性的斯托克公园£5700万。