Mukesh Ambani Stock: Asia's richest man, Mukesh Ambani's net worth jumped to over 3 billion dollars in the last single-day session, which was April 11th. That is because of the strong performance displayed by his oil and gas behemoth Reliance Industries (RIL) share price. Reliance is a mega stock; in fact, it is the largest in India in terms of market value. Last week, on April 11th, the stock alone rose by 3%, contributing massively to Ambani's and shareholders' wealth.
Reliance Industries (RIL) share price:
Reliance stock zoomed by around 2.84% to end at Rs 1219.30 apiece on BSE, last week on Friday. Because of this single-day growth, Reliance recovered massive losses from the 52-week low that was recorded recently.
The trading week from April 7th to 11th was a roller coaster ride for Reliance. On April 7th, the heavyweight stock had touched its 52-week low of Rs 1,115.55 apiece. From this level, Reliance skyrocketed by a whopping 9.3% as of April 11th. The stock crossed as high as Rs 1222.45 apiece in an intraday on April 11th.
Following the latest performance, Reliance's stock is mildly down on year-to-date basis. The company's Q4 results will keep the stock in focus. Reliance will most likely declare its earnings in the later days of April 2025. The official date is yet to be announced.
Notably, the April 11th rally comes after Reliance announced it entered into a share purchase agreement with Welspun Corp Limited (WCL) to acquire from WCL a further 10% equity stake in Nauyaan Shipyard Private Limited (NSPL), a 74% step-down subsidiary of the Company, for an aggregate consideration of Rs. 51.72 crore, subject to adjustments, if any, for expenses to the account of WCL and net current assets.
On Tuesday, April 14th, the stock will react to the completion of the acquisition of a further 10% equity stake in Nauyaan Shipyard.
That being said, during the trading week from April 7th to 11th, Reliance's market cap shot up by Rs 19,757.27 crore, taking its total valuation to Rs 16,50,002.23 crore. Reliance is the largest company in India, and largest oil and gas explorer in terms of market cap.
Riding on the back of Reliance's share price movement, Mukesh Ambani's net worth advanced by $3.14 billion on April 11th, taking its total wealth to $87.2 billion. Year-to-date, Ambani's wealth is down by $3.42 billion.
Reliance Share Price Target 2025:
There is room for further buying in Reliance, as the target price is expected to cross the Rs 1,600 mark in a 12-months timeframe.
In its latest research note, Goldman Sachs expects Reliance's Q4 EBITDA margin to be broadly flat on sequential basis, however, market focus on quarterly print will likely be more on:
- Retail segment growth trends. Goldman predicts retail ex-connectivity revenue growth in the range of 6.5% YoY in Q4.
- Residual tariff hike driven growth in Jio's revenue. The global brokerage predicts over 4% QoQ growth in Jio's revenue, which is estimated to be 200 bps faster than its rival Bharti Airtel.
Moreover, Goldman said, "We believe earnings growth will resume in FY26e ( GSe 18%), driven by --- 1) rebound in retail EBITDA (ex-connectivity) growth to 12% with operations restructuring now largely behind us alongside an improving macro backdrop; 2) acceleration in Jio's earnings growth to 24% as our telecom team expects another tariff hike in 2HCY25S; and 3) refining margins will likely improve with c.10 mb/d global refinery capacity likely to close permanently through CY25E."
Goldman continues to see favourable risk-reward with the stock trading near 1SD below its historical mean on forward EV/EBITDA and also near its bear case scenario for all the key segments.
Hence, Goldman maintained its BUY rating on Reliance. The target price is set at Rs 1,640.
Rewards like dividends or bonus issue among others will be keenly watched from Reliance in FY26. Last year, Reliance carried its one of the biggest bonus issue of 1:1 ratio with effect from October 28, 2024. Also, the company paid final dividend of Rs 10 with ex-date on August 19, 2024.
Mukesh Ambani's Reliance Industries:
Reliance is India's largest and most profitable private sector company.
Ambani controls Reliance Industries, owner of the world's largest oil refining complex. The Mumbai-based conglomerate's other businesses include polymer and chemical manufacturers, and the group had revenue of more than $100 billion in the year to March 2024. The billionaire also owns the Mumbai Indians cricket team, as per Bloomberg Billionaires Index.
Further, the index highlighted that the majority of Ambani's wealth derives from a 42% stake in publicly traded Reliance Industries. The Mumbai-based company has the largest oil refining complex in the world, according to its website.
Disclaimer: The write-up is just for information purposes, and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on article mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.
Click it and Unblock the Notifications
Sign in with Google