Reliance Industries Could Add $100 Billion to Market Cap: Morgan Stanley

05 Jul 2024 CW Team

Morgan Stanley has projected that Reliance Industries could potentially add up to $100 billion to its market capitalization over the next few years. This optimistic forecast is based on the company's robust growth strategy, diversification into new sectors, and strong financial performance.

Reliance Industries, led by Mukesh Ambani, has been aggressively expanding its footprint across various sectors, including telecommunications, retail, and green energy. Morgan Stanley's analysis highlights the significant revenue and profit growth potential stemming from these ventures, particularly in the rapidly growing digital and renewable energy markets.

The report underscores the success of Reliance Jio, the company?s telecommunications arm, which has revolutionised the Indian telecom industry with its affordable data plans and extensive network coverage. Similarly, Reliance Retail continues to expand its market presence, leveraging both physical stores and e-commerce platforms to capture a larger share of the consumer market.

Morgan Stanley also notes Reliance's ambitious plans in the green energy sector, which include investments in solar energy, hydrogen production, and battery storage solutions. These initiatives are expected to position Reliance as a major player in the global transition to sustainable energy, further driving its market value.

The financial firm believes that Reliance's diversified business model, coupled with its strategic investments and innovation-driven approach, will continue to generate substantial shareholder value. If these growth trajectories are realised, Reliance Industries could see a significant boost in its market capitalization, reaffirming its status as one of India?s most valuable companies.

In conclusion, Morgan Stanley?s bullish outlook on Reliance Industries reflects the company's strong potential for continued growth and market dominance across multiple sectors.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..