Brokerages have given a thumbs-up to the across-the-board tariff hike by Reliance Jio (Jio) in its prepaid plans.
Jefferies has raised the stock's 12-month price target to ₹ 2,950 from ₹ 2,880 earlier. In the best-case scenario, the global research and brokerage house sees it at ₹ 3,400 levels in 12 months from now.
Jio, following its peers Bharti Airtel and Vodafone Idea (Vi), hiked its prepaid tariff plans by around 20 per cent across the board (including 21 per cent in the base Jio Phone level plans) over the weekend. The new tariff comes into effect starting December 1.
Reacting to the development, RIL surged nearly 4 per cent to ₹ 2,497.90 on the BSE in Monday's intra-day trade. It closed at ₹ 2,442.50, up 1.26 per cent.
Diese Geschichte stammt aus der November 30, 2021-Ausgabe von Business Standard.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der November 30, 2021-Ausgabe von Business Standard.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
Banks should not hold up crediting exporters money due to fault of ICEGATE
We have received a system generated email from the DGFT alleging nonfulfillment of export obligation (EO) against many of our advance authorisations and EPCG authorisations issued between 2002 and 2007.
LIC net profit grew 2% in Q4
Wage revision, arrears hit profitability; govt to get ₹3,662 crore as dividend
Holy grail of blended commerce
Ever since the pandemic ended, shoppers have been thronging physical stores.
Governance by disguised legislation
The tyranny of circulars must end to ensure democratic legitimacy of laws and ease of doing business
China creates $47.5 bn chip fund its largest
China has set up the country's largest-ever semiconductor investment fund to propel development of the domestic chip industry, the latest effort from Beijing to achieve self-sufficiency as the US seeks to restrict its growth.
Trade strains boost cargo rates at pace recalling Covid 'chaos'
Global goods trade is showing signs of accelerating after last year's slump, pushing up shipping rates and giving some supply-chain managers flashbacks to the demand spike that disrupted international commerce three years ago.
US not ready to sign pending global tax agreement: Yellen
140 countries signed on to the outline of the pact in 2021
RBI to buy back govt bonds worth ₹40K cr on Thursday
₹29K cr G-sec to go for auction on Friday
'Our Droupadi' vs local poll dynamics in tribal terrain of Mayurbhanj
Sitala Hansda's face beamed with pride when asked about the route to Uparbeda, the native village of President Droupadi Murmu, in Odisha's tribal-dominated Mayurbhanj Lok Sabha (LS) constituency.
Can RJD break the Pataliputra jinx?
Four years back, the Rashtriya Janata Dal (RJD) and its allies won all six Assembly constituencies within the Pataliputra Lok Sabha seat in Bihar, where the RJD's Misa Bharti has again challenged Bharatiya Janata Party (BJP)'s Ram Kripal Yadav.