Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  NSE India Stock Exchange  >  Reliance Industries Ltd    RELIANCE   INE002A01018

RELIANCE INDUSTRIES LTD

(RELIANCE)
  Report
Delayed Quote. Delayed NSE India Stock Exchange - 01/20 05:29:50 am
2054.7 INR   +1.90%
10:48aIndian shares end higher on IT, Reliance boost
RE
10:29aIndian Stocks Soar Higher on Closing; Tata Communications Plummets 7%
MT
10:19aIndian Equities Witness Strong Buying on Upbeat Earnings Season
MT
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Abu Dhabi's Mubadala seeks Israeli partners on technology investment

11/25/2020 | 09:31am EST

DUBAI (Reuters) - Abu Dhabi state investor Mubadala plans to identify potential fund partners in Israel and find high-growth technology firms in which to co-invest, as the United Arab Emirates and Israel seek to boost commercial ties after normalising relations.

"There will be interesting opportunities with joint funds or joint ventures, but we are still early on in evaluating this," Ibrahim Ajami, the head of Mubadala's Ventures unit, told a financial technology conference in Abu Dhabi on Wednesday.

He said Mubadala - which manages over $230 billion in assets - has co-invested with Israeli investors in the United States and Europe, but closer ties between the UAE and Israel open up a significant opportunity for investments.

"We are always excited about Silicon Valley. But we are also looking at Europe, we're looking at the Middle East, we're looking at India and we would like to be very active in China," Ajami said.

Since the UAE and Israel agreed to normalise relations in August, the two countries have signed a host of accords to boost economic and business ties.

Bank Leumi, Israel's second-biggest bank, this week brought a delegation of executives to Dubai from industries ranging from real estate to energy and technology.

"Once the peace agreement was signed we thought that being the leader for connecting Israeli companies and Emirati organisations could be our role," Avraham Ortal, chief executive of Leumi's investment arm Leumi Partners, told Reuters on the sidelines of a business gathering on Dubai's palm-shaped island.

"It's very early," said Ortal. "We are just planting the seed... we're going to plant it, we're going to nourish it, and eventually it will flourish, but it's going to take a while."

The UAE has recently announced visa and business reforms aimed at attracting more expatriates to live and work in the country, after many left as firms cut jobs amid a severe economic slowdown caused by the coronavirus outbreak.

(Reporting by Saeed Azhar; Editing by Louise Heavens and Jan Harvey)

By Saeed Azhar and Davide Barbuscia


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
BANK LEUMI LE- ISRAEL B.M. 0.62% 2115 Delayed Quote.11.16%
EURO / DIRHAM (EUR/AED) -0.13% 4.4518 Delayed Quote.-1.13%
RELIANCE INDUSTRIES LTD 1.90% 2054.7 Delayed Quote.1.57%
US DOLLAR / DIRHAM (USD/AED) 0.00% 3.67265 Delayed Quote.0.00%
All news about RELIANCE INDUSTRIES LTD
10:48aIndian shares end higher on IT, Reliance boost
RE
10:29aIndian Stocks Soar Higher on Closing; Tata Communications Plummets 7%
MT
10:19aIndian Equities Witness Strong Buying on Upbeat Earnings Season
MT
01/19YE YE : Indian shares end over 1% higher; markets eye Yellen speech
RE
01/19Indian shares end over 1% higher; markets eye Yellen speech
RE
01/19Indian shares rise over 1% on boost from Reliance, HDFC
RE
01/18Indian shares hit over one-week low as shadow lenders drop on fears of tighte..
RE
01/18Indian shares hit over 1-wk low as shadow lenders drop on fears of tighter ru..
RE
01/18RELIANCE TO EMBED E-COMMERCE APP INT : Mint
RE
01/18RELIANCE INDUSTRIES : Notice of Board Meeting scheduled to be held on January 22..
PU
More news
Financials
Sales 2021 5 225 B 71 511 M 71 511 M
Net income 2021 444 B 6 078 M 6 078 M
Net Debt 2021 424 B 5 809 M 5 809 M
P/E ratio 2021 30,2x
Yield 2021 0,33%
Capitalization 12 803 B 175 B 175 B
EV / Sales 2021 2,53x
EV / Sales 2022 1,88x
Nbr of Employees 195 618
Free-Float 50,4%
Chart RELIANCE INDUSTRIES LTD
Duration : Period :
Reliance Industries Ltd Technical Analysis Chart | RELIANCE | INE002A01018 | MarketScreener
Technical analysis trends RELIANCE INDUSTRIES LTD
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 29
Average target price 2 167,82 INR
Last Close Price 2 016,40 INR
Spread / Highest target 24,0%
Spread / Average Target 7,51%
Spread / Lowest Target -34,5%
EPS Revisions
Managers and Directors
NameTitle
Mukesh Dhirubhai Ambani Chairman & Managing Director
Srikanth Venkatachari Joint Chief Financial Officer
Alok Agarwal Joint Chief Financial Officer
Nikhil Rasiklal Meswani Executive Director
Hital Rasiklal Meswani Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
RELIANCE INDUSTRIES LTD1.57%174 883
EXXON MOBIL CORPORATION18.49%206 507
BP PLC18.23%82 902
CHINA PETROLEUM & CHEMICAL CORPORATION17.58%74 939
NESTE OYJ2.87%56 643
PTT-3.53%39 023