The Launch of Reliance Jio will not impact Telecom Stocks concluded one of the telecom analysts after Reliance AGM last week. Maybe the conclusion is based on overall weakness in the stock of Reliance Industries Limited (RIL). The last years return of RIL stock is -16.72% whereas the return from Sensex is +5.38%. Sometimes i doubt whether stock market considers the financial strength and fundamentals into account or not. The best examples are RIL and ONGC, India's most profitable companies. Ideally these 2 companies should outperform each and every listed company on the stock exchange. ... Read More
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