Reliance Industries Ltd - Buy
There are many reasons why this share is a buy.
- Originally it was a commodity play based on petroleum and its products. So a low price earning ratio was given.
- Now it is a big communication platform and is no 1 telecom in India. Every one from Facebook on wards are vying to get shares of Reliance Platform Ltd an unlisted company, a subsidiary of Reliance Industries Ltd.
- the petroleum segment is not given any value as a declining segment.
- Another subsidiary Reliance Retail Ltd is the largest Retailer in India.It is a profit making Company.This segment will grow heavily in the next few years due to shift from unorganised retail to organised retail.
- Think about the synergy between the largest telecom company and largest retail company when eCommerce explodes.
- With the arrival of Facebook as a partner a large fintech subsidiary is proposed.With the powerful associates,it will have ready made access to customer.
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