Morgan Stanley predicts RIL's market cap could increase by $100B in its next monetisation cycle, driven by business upcycle, domestic demand, and lower competition.
Morgan Stanley predicts that Reliance Industries Limited (RIL) can add $100 billion to its market capitalisation in its fourth monetisation cycle this century, as new cash flow streams emerge and valuation multiples catch up. This growth is driven by business upcycle, strong domestic demand, and lower competition. Previous monetisation cycles have created 2-3 times value for RIL shareholders over the past three decades.
July 01, 2024
4 Articles