Results of Reliance Industries, Axis Bank and Indusind Bank - Should you buy these stocks ?

 Quarter 2 Results of most of the companies are coming day by day , but most significant of them is that of Reliance Industries - the highest market cap of All Indian listed stock.

Result of RIL has been above expectations even though GRM has fallen but other growing avenues such as Telecom and Retail has given excellent contribution on its growth as well as margin front.

So our Research gives a Buy Call on Reliance Industries with target of 2350 in 3 months time from the current level of 2050 resulting in upside gain of 10% in three month period which is excellent which excludes any dividend if any declared by the company in the intervening period.

Our Second Analysis is on both Axis as well as Inusind Bank , although both the banks have shown decline in the profit but the undercurrent is very good in both these new generation private sector bank as they are poised to grow at excellent level from next year onwards people who are having 2 to 3 years time frame should definitely buy both these stock with following targets.

Axis Bank , Current Price INR 490 to 950 in 2 years time gain of almost 100% in two years time.

Indusind Bank , Current Price INR 585 we are expecting it to touch the levels of 1600 in 3 years time resulting in gain of 150% in three year time frame.

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Reliance Industries to raise Rs 10,600/- Crores

India's largest listed company Reliance Industries has informed that on Tuesday 12 May 2020 they shall be raising a total of 10,600 Crores in three tranches via bonds of different tenures.

The rating of Reliance Industries Long Term bond has been rated as AAA which marks highest safety which in turn gives investors the confidence for safeguarding of their money if invested in the said bonds of the company.

Following are the full details of fund raising by Reliance Industries via bonds in the year 2020-2021.

• Rs 4,235 Crores at coupon rate of 7.05 for three years
• Rs 825 Crores at coupon rate of 6.95 for three years
• Rs 5,000 Crores at coupon rate of 6.95 for two years

Reliance Industries Sells further stake in Jio

Reliance Industries Limited said on Monday that it has shall be selling around 1.15% stake in it telecom business Reliance Jio unit Jio Platforms Limited to PE ( Private Equity ) investor Silver Lake Partners for INR Appx. 5,650 Crores.

Last week only RIL had sold around 10% stake to United States social media giant Facebook.

The fund received through the stake sale will be used to pare the debt of the parent Reliance Industries which has sought to become debt free by year 2021.

Facebook buys 9.9% in Jio Platforms for Rs. 43, 574 Crores ( $ 5.7 Bn )

Facebook Inc. has bought a massive 5.7 Billion Dollar investment in Reliance Industries Jio Platforms for staggering Rs 43, 574 Crores.

Through the deal Facebook is looking at leveraging the reach of the Indian Oil giant telecom assets and Whats App,s 40 Crores local users to connect small business and consumers in Asia's third largest economy.

The agreement will help RIL to pay off part of the company loan and debt and it is rendering to become debt free in coming months hopefully by the end of this year.

It enables Facebook owned WhatsApp and Jio Mart to create an e-commerce giant that can potentially rival Amazon and Walmart in India.

Following the deal Reliance Industries shares at the Indian bourses jumped 10 Percent to close at the high levels of 1370 levels which is highest in two months.

As previously also suggested by our Team one should buy Reliance at the levels of 1100 to 1150 but now it has touched the levels of 1370 , still one should by buyer in RIL for the target of 1800 by the year end.