Good time to enter Reliance; IndiGo like HDFC Bank 8-10-year ago: Hemang Jani

economictimes.indiatimes.com:

Hemang Jani, Independent Market Expert, says “InterGlobe is in a position that HDFC Bank probably was in maybe 8-10 years back where people questioned the valuations but the company kept on delivering and it became one of the best wealth creation stories. Of course, what happened in the last two years is a different story, but given the positioning that InterGlobe has and the way they have managed the volatility in the crude oil price, the way they have managed to grab the international routes and the market share trend, there is a long way to go.”

Two notes have come in recently on Reliance Industries. The Goldman Sachs note is saying that the lacklustre period for the stock may be nearing an end. For Reliance, gradually green hydrogen, improvement in other businesses, in telecom tariff will happen. All of that will start coming in and the stock may cross the Rs 3,000 hump after a long time?
Hemang Jani: The company has announced strategic investments into new energy wherein they are going to set up two hydrogen hubs in India by FY26 and another electrolyser manufacturing facility which is going to come up in the second tranche. If you look at the O2C earnings, from the fourth quarter, the March quarter that we are going to see the earnings come through, it will be very robust given the sharp recovery in the GRMs.

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