Reliance Industries (BOM:532709)

Add a New Bulls Reason Company: Reliance Industries (BOM:532709) Current price: Headline: (100 character max) Analysis: Cancel 100% agree 1 votes   Reliance Industries Limited (NSE:RELIANCE)/Bulls/RIL : Strong future growth potential Top Contributor: Aditya Kachru | Created when BOM:532709 was $1.00 | Edit | History Huge unexplored E&P acreage (D3 and D9 blocks) could result in significant valuation upsides from current levels. Increasing share of E&P Segment in total Revenues and Profitability is expected to improve the company's Return Ratios going forward. New refinery (RPL) and commencement of gas production from KG-6 will result in substantial cash flows going ahead and fuel the company's growth plans going ahead. In its extant business (Refining and Petrochemical), RIL is placed on the better turf compared to peers to due its complex and integrated business model. Execution of two major projects, viz. RPL refinery and KG basin gas output has phased out the execution risks associated with investment in the company on the one hand, while unleashing the company's future growth potential on the other. At Rs1,894, the stock is available at 11.5x our FY2011E fully diluted EPS of Rs164.9. Given the strong Earnings momentum led by the company's E&P businesses, I remain positive on the stock and maintain a Buy. (100 character max) Cancel

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