{"id":1623,"date":"2019-12-05T18:28:16","date_gmt":"2019-12-05T18:28:16","guid":{"rendered":"https:\/\/jobbinghood.com\/finance\/2019\/12\/05\/reliance-industries-shares-jump-after-jio-tariff-hike-check-clsas-share-price-target\/"},"modified":"2019-12-05T18:28:16","modified_gmt":"2019-12-05T18:28:16","slug":"reliance-industries-shares-jump-after-jio-tariff-hike-check-clsas-share-price-target","status":"publish","type":"post","link":"https:\/\/jobbinghood.com\/magazine\/2019\/12\/05\/reliance-industries-shares-jump-after-jio-tariff-hike-check-clsas-share-price-target\/","title":{"rendered":"Reliance Industries shares jump after Jio tariff hike; check CLSA&#8217;s share price target"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<div class=\"article-image\">\n<figure><img fetchpriority=\"high\" decoding=\"async\" class=\"lazy lazy-hidden wp-image-1779501 size-full\" src=\"http:\/\/www.financialexpress.com\/wp-content\/plugins\/a3-lazy-load\/assets\/images\/lazy_placeholder.gif\" data-lazy-type=\"image\" data-src=\"https:\/\/images.financialexpress.com\/2019\/11\/mukeshRIL660.jpg\" alt=\"RIL chairman Mukesh Ambani wealth, mukesh ambani enter top 10 in forbes richest list, Forbes Mukesh Ambani, RIL market cap, reliance industry, larry page, jef bezos, bill gates\" width=\"660\" height=\"440\" srcset=\"\" data-srcset=\"https:\/\/images.financialexpress.com\/2019\/11\/mukeshRIL660.jpg 660w, https:\/\/images.financialexpress.com\/2019\/11\/mukeshRIL660-300x200.jpg 300w, https:\/\/images.financialexpress.com\/2019\/11\/mukeshRIL660-620x413.jpg 620w, https:\/\/images.financialexpress.com\/2019\/11\/mukeshRIL660-401x267.jpg 401w\" sizes=\"(max-width: 660px) 100vw, 660px\"\/><noscript><img decoding=\"async\" class=\"wp-image-1779501 size-full\" src=\"https:\/\/images.financialexpress.com\/2019\/11\/mukeshRIL660.jpg\" alt=\"RIL chairman Mukesh Ambani wealth, mukesh ambani enter top 10 in forbes richest list, Forbes Mukesh Ambani, RIL market cap, reliance industry, larry page, jef bezos, bill gates\" width=\"660\" height=\"440\" srcset=\"https:\/\/images.financialexpress.com\/2019\/11\/mukeshRIL660.jpg 660w, https:\/\/images.financialexpress.com\/2019\/11\/mukeshRIL660-300x200.jpg 300w, https:\/\/images.financialexpress.com\/2019\/11\/mukeshRIL660-620x413.jpg 620w, https:\/\/images.financialexpress.com\/2019\/11\/mukeshRIL660-401x267.jpg 401w\" sizes=\"(max-width: 660px) 100vw, 660px\"\/><\/noscript><span class=\"article-caption\">Reliance Industries share price gained by more than 1.7% to hit the day\u2019s high at Rs 1579.85 on BSE.<\/span><\/figure>\n<\/div>\n<p>Billionaire <a target=\"_blank\" href=\"http:\/\/www.financialexpress.com\/tag\/mukesh-ambani\/\" rel=\"noopener noreferrer\">Mukesh Ambani<\/a>-led <a target=\"_blank\" href=\"http:\/\/www.financialexpress.com\/market\/stock-market\/reliance-industries-ltd-stock-price\/\" rel=\"noopener noreferrer\">Reliance Industries<\/a> got a big thumbs up from global brokerage firm CLSA, following Reliance Jio\u2019s tariff hike. Reliance Industries share price gained by more than 1.7% to hit the day\u2019s high at Rs 1579.85 on BSE. Global brokerage firm CLSA has hiked the target share price to Rs 2,010 from Rs 1,710 earlier.\u00a0Reliance Jio on Wednesday announced new tariff plans, which are about 15-20 per cent cheaper compared to the revised tariffs of <a target=\"_blank\" href=\"http:\/\/www.financialexpress.com\/market\/stock-market\/vodafone-idea-ltd-stock-price\/\" rel=\"noopener noreferrer\">Vodafone Idea<\/a> and <a target=\"_blank\" href=\"http:\/\/www.financialexpress.com\/market\/stock-market\/bharti-airtel-ltd-stock-price\/\" rel=\"noopener noreferrer\">Bharti Airtel<\/a>. Jio\u2019s new tariffs imply that the company has hiked prices to the tune of nearly 40 per cent.<\/p>\n<p><strong>Also read: <a href=\"https:\/\/www.financialexpress.com\/market\/share-market-today-live-updates-sensex-nifty-rupee-vs-dollar-reliance-rbi-mpc-rate-hike-05-dec-2019-thursday\/1784996\/\" target=\"_blank\" rel=\"noopener noreferrer\">RBI Monetary Policy LIVE: RBI may make loans more cheaper, sixth repo rate cut in offing; Sensex\u00a0up<\/a><\/strong><\/p>\n<p>Taking stock of the development, CLSA said that Jio\u2019s tariff remain at a discount despite it being a big hike. The tariff hike will boost the EBITDA by $1.1-1.3 billion. Jio\u2019s latest plans are cheaper than rivals Bharti Airtel and Vodafone Idea by 7-20%. CLSA sees a further upside to Jio\u2019s profits. Tariff hike on Jio phone is still awaited. Notably, Reliance Jio is offering plans with 28 days validity that come with 2GB data at Rs 129, which is nearly 15% cheaper than what Vodafone Idea and Bharti Airtel are offering are their respective hikes. Similarly, Jio is also offering 1.5GB data per day with 28 days validity at Rs 199, which is 20 per cent cheaper than its competitors. For a similar plan, Bharti is charging Rs 248 and Vodafone Idea Rs 249.<\/p>\n<p>According to CLSA the ARPU (Average Revenue Per User) will be higher for Reliance Jio as customers prefer 28-day plans over 84-day plans. CLSA has raised EPS estimates by 1-8% for the Mukesh Ambani-led telco. CLSA notes that strong profits on tariff hikes and ARAMCO deal are near term triggers for the stock.<\/p>\n<div class=\"common-bottom-text\">\n<p>Get live <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/\" target=\"_blank\" rel=\"noopener noreferrer\">Stock Prices<\/a> from BSE and NSE and latest NAV, portfolio of <a href=\"https:\/\/www.financialexpress.com\/mutual-funds-india\/\" target=\"_blank\" rel=\"noopener noreferrer\">Mutual Funds<\/a>, calculate your tax by <a href=\"https:\/\/www.financialexpress.com\/income-tax-calculator\/\" target=\"_blank\" rel=\"noopener noreferrer\">Income Tax Calculator<\/a>, know market\u2019s <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/nse-top-gainers\/\" target=\"_blank\" rel=\"noopener noreferrer\">Top Gainers<\/a>, <a href=\"http:\/\/www.financialexpress.com\/market\/stock-market\/nse-top-losers\/\" target=\"_blank\" rel=\"noopener noreferrer\">Top Losers<\/a> &amp; <a href=\"https:\/\/www.financialexpress.com\/mutual-funds-india\/equity-funds\/\" target=\"_blank\" rel=\"noopener noreferrer\">Best Equity Funds<\/a>. Like us on <a href=\" https:\/\/www.facebook.com\/thefinancialexpress\" target=\"_blank\" rel=\"noopener noreferrer\">Facebook<\/a> and follow us on <a href=\" https:\/\/twitter.com\/FinancialXpress\" target=\"_blank\" rel=\"noopener noreferrer\">Twitter<\/a>.<\/p>\n<\/div>\n<\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>[ad_2]<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Reliance Industries share price gained by more than 1.7% to hit the day\u2019s high at Rs 1579.85 on BSE. Billionaire Mukesh Ambani-led Reliance Industries got a big thumbs up from global brokerage firm CLSA, following Reliance Jio\u2019s tariff hike. Reliance Industries share price gained by more than 1.7% to hit the day\u2019s high at [&hellip;]<\/p>\n","protected":false},"author":348,"featured_media":1624,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-1623","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets"],"_links":{"self":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/posts\/1623","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/users\/348"}],"replies":[{"embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/comments?post=1623"}],"version-history":[{"count":0,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/posts\/1623\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/media\/1624"}],"wp:attachment":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/media?parent=1623"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/categories?post=1623"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/tags?post=1623"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}