{"id":84969,"date":"2024-07-01T08:12:12","date_gmt":"2024-07-01T08:12:12","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/07\/01\/reliance-industries-shares-have-potential-to-create-up-to-100-billion-wealth-morgan-stanleys-big-prediction-of-mukesh-ambani-led-ril-times-of-india\/"},"modified":"2024-07-01T08:12:12","modified_gmt":"2024-07-01T08:12:12","slug":"reliance-industries-shares-have-potential-to-create-up-to-100-billion-wealth-morgan-stanleys-big-prediction-of-mukesh-ambani-led-ril-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/07\/01\/reliance-industries-shares-have-potential-to-create-up-to-100-billion-wealth-morgan-stanleys-big-prediction-of-mukesh-ambani-led-ril-times-of-india\/","title":{"rendered":"Reliance Industries shares have potential to create up to $100 billion wealth &#8211; Morgan Stanley\u2019s big prediction of Mukesh Ambani-led RIL &#8211; Times of India"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"1280\" height=\"720\" src=\"https:\/\/i3.wp.com\/static.toiimg.com\/photo\/msid-111399324,imgsize-34432.cms?fit=1280,720&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Reliance Industries shares have potential to create up to 0 billion wealth &#8211; Morgan Stanley\u2019s big prediction of Mukesh Ambani-led RIL &#8211; Times of India\" title=\"Reliance Industries shares have potential to create up to 0 billion wealth &#8211; Morgan Stanley\u2019s big prediction of Mukesh Ambani-led RIL &#8211; Times of India\" \/><\/div>\n<div>Reliance Industries<!-- --> (RIL), led by <!-- -->Mukesh Ambani<!-- -->, is poised for significant growth according to global brokerage firm <!-- -->Morgan Stanley<!-- -->. The firm believes that <!-- -->RIL<!-- -->&#8216;s fourth monetisation cycle has the potential to increase its market capitalisation by $60-100 billion, with a base case target price of Rs 3,540 per share.<br \/>According to an ET report, the brokerage firm attributes this growth potential to RIL&#8217;s investments in new energy, retail expansion to capture market share from the unorganised sector, and the repurposing of existing energy businesses. <br \/>These factors are expected to provide a long runway for consistent earnings growth beyond the next three years, assuming a sustained ROCE above 10%. Morgan Stanley estimates a 12% EPS CAGR over F24-F27, with multiple triggers across various verticals.<br \/>According to Morgan Stanley, RIL&#8217;s ROE is expected to exceed its cost of capital in the future as the company transitions to a more profitable, sustainable, and less cyclical growth model. This transition is driven by changes in both business and capital structure.<br \/>Also Read | <a href=\"https:\/\/timesofindia.indiatimes.com\/business\/india-business\/reliance-industries-market-cap-crosses-rs-21-lakh-crore-heres-what-brokerages-have-to-say-about-countrys-most-valued-firm-by-m-cap\/articleshow\/111333930.cms\" styleobj=\"[object Object]\" class=\"\" frmappuse=\"1\">Reliance Industries market cap crosses Rs 21 lakh crore! Here\u2019s what brokerages have to say about country&#8217;s most valued firm by m-cap<\/a><br \/>The brokerage has raised its multiples in the sum-of-the-parts (SOTP) valuation by 0.5-1.0x to reflect this monetisation, as RIL catches up with domestic and global peers that have experienced business upcycles and monetisation re-rating multiples by approximately 30% in the past year.<br \/>Taking into account recent telecom tariff hikes, oil prices, and refining margins, Morgan Stanley has slightly raised its EPS estimates for 2025, by 7% for 2026, and by 8% for 2027. The brokerage firm notes that &#8220;RIL has been a &#8216;show me&#8217; story for the past decade and has seen significant market cap inflection once new revenue streams such as new energy, higher telecom tariffs\/chemical margins have been delivered.&#8221;<br \/>Following the recent tariff hikes by Reliance Jio, RIL shares have surged over 8% in the last week, reaching new record highs.<\/div>\n<p><script>\nvar _mfq = window._mfq || [];\n_mfq.push([\"setVariable\", \"toi_titan\", window.location.href]);\n!(function(f, b, e, v, n, t, s) {\n    function loadFBEvents(isFBCampaignActive) {\n      if (!isFBCampaignActive) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        if (f.fbq) return;\n        n = f.fbq = function() {\n          n.callMethod ? n.callMethod(...arguments) : n.queue.push(arguments);\n        };\n        if (!f._fbq) f._fbq = n;\n        n.push = n;\n        n.loaded = !0;\n        n.version = '2.0';\n        n.queue = [];\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/connect.facebook.net\/en_US\/fbevents.js', n, t, s);\n      fbq('init', '593671331875494');\n      fbq('track', 'PageView');\n    };\n    function loadGtagEvents(isGoogleCampaignActive) {\n      if (!isGoogleCampaignActive) {\n        return;\n      }\n      var id = document.getElementById('toi-plus-google-campaign');\n      if (id) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        t.id = 'toi-plus-google-campaign';\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/www.googletagmanager.com\/gtag\/js?id=AW-877820074', n, t, s);\n    };\n    function loadSurvicateJs(allowedSurvicateSections = []){\n      const section =  window.location.pathname.split('\/')[1]\n      const isHomePageAllowed = window.location.pathname === '\/' && allowedSurvicateSections.includes('homepage')\n      if(allowedSurvicateSections.includes(section) || isHomePageAllowed){\n        (function(w) {\n         function setAttributes() {\n                    var prime_user_status = window.isPrime ? 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The firm believes that RIL&#8216;s fourth monetisation cycle has the potential to increase its market capitalisation by $60-100 billion, with a base case target price of Rs 3,540 per share.According to an ET report, the brokerage [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":84970,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/static.toiimg.com\/photo\/msid-111399324,imgsize-34432.cms","fifu_image_alt":"","footnotes":""},"categories":[604],"tags":[74477,995,1289,289,3816,273,8154,4534,33131,5923,17790,716,9850,5989,17789,26065,74475,74474,1253,74476,272,10976],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/84969"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=84969"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/84969\/revisions"}],"predecessor-version":[{"id":84971,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/84969\/revisions\/84971"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/84970"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=84969"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=84969"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=84969"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}