MFs are betting big on this disruptor stock from Reliance Industries’ stable
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Mukesh Ambani, chairman and managing director of Reliance Industries
Synopsis
Mutual funds hold 4%, while LIC’s stake in this company is at 6.65%. The stock price has run up in anticipation of big moves by the promoter. Listed last year, the company is achieving some milestones amid building blocks. Here are three factors to help investors decide whether to buy this stock or not.
“The worth of a business is measured not by what has been put into it, but by what can be taken out of it.” — Benjamin Graham Valuing companies is a difficult job. Analysts must take great pains to understand business ideas, growth rates, and the size of the overall market. So, the best bet is to look at past results and promoter background. Now, what if the promoter is Reliance Industries (RIL), which is demerging its financial arm, Jio