After the massive funding in both Reliance Jio and Reliance Retail over the last few months, what is the long-term trend looking like?
If you go division wise, the roadmap is very clear that Reliance will have three entities - Jio, Retail and oil-to-chemicals. We need to watch out for which entities will be listed at the earliest, and if the O2C business gets any funding infusion like Jio and Retail businesses did.
Jio's current ARPU of Rs 145 can head towards Rs 200 in the next fiscal year or after that. Many new features are coming on the Jio platform, so I am quite hopeful. Competition is here to stay between the three of them (Airtel, Vodafone Idea and Reliance Jio).
In retail, it depends on the merger with Future Group. Sales were not that positive in the first two quarters. Amid competition from e-commerce, it depends on how they integrate the kirana stores with WhatsApp and JioMart. They may become the largest supply chain guys to kirana stores in India.
Looking at all the three divisions, the stock is here to perform well. But after a stellar run like this, a correction of 10-20 per cent was likely to happen.
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