Reliance Industries: Poised for $100 Billion Market Cap Surge

Reliance Industries Ltd is set to add up to USD 100 billion to its market capitalisation in its fourth monetisation cycle this century. Morgan Stanley reports that new cash flow streams and valuation multiples are driving this growth. Investments in new energy, retail expansion, and repurposing existing energy businesses are key contributors.

Reliance Industries Ltd is poised to add up to USD 100 billion to its market capitalisation during its fourth monetisation cycle of the century, according to a Morgan Stanley report.

The conglomerate, whose operations span from oil to telecom, has a history of delivering 2-3 times value creation for shareholders in previous cycles, contributing over USD 60 billion in market cap each decade for the past 30 years.

Driving this current upswing are new cash flow streams and an increase in valuation multiples, bolstered by a favorable business upcycle, strong domestic demand, and limited competition, the brokerage noted.

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