Deepak Shenoy says Reliance is a sum of the parts valuation due to its various businesses, including telecom, oil and gas/chemical, and retail. He anticipates a demerger between the oil to consumer (O2C) segment, Jio, and Reliance Retail in the next four to five years, leading to higher market value. While the next 12 to 18 months may not be exciting for the business, Shenoy is holding on for the demerger.
Ather Energy shares rise 3% as Nomura raises target price; stock up nearly 200% in 1 year
Ather Energy shares rose after Nomura raised its target to Rs 1,926, citing faster EV adoption, the Konarc launch and stronger growth prospects. The brokerage