The month-end expiry day in India markets was not the day to be bullish as the downward movement trend persisted across the board. The likes of Reliance Industries, IndiGo, ICICI Bank, TVS Motor, Infosys, and RBL Bank were among the heavyweights that grabbed the limelight not only due to market movements but also because of key corporate updates.

Stocks in Focus Today India

Thursday, the day of monthly expiry, was another bearish session for Indian equity markets. The BSE Sensex and NSE Nifty were down by almost 1 percent. India’s major indexes fell for the third consecutive day and demonstrated their ongoing corrective phase. Not with standing the general malaise, the attention of investors was drawn to a number of large-cap and mid-cap stocks, which in turn, were propelled by corporate actions, bulk deals, and events to come. Among others, stocks in RIL, IndiGo, ICICI Bank, TVS Motor, Infosys, and RBL Bank caught the investors’ eye were the prominent ones.

IndiGo: Stake Sale by Promoter Group

On the day of the monthly expiry of August, a significant promoter downgrade of InterGlobe Aviation Limited has come into view. The company is Gurugram-based which runs operations with the brand name IndiGo. Rakesh Gangwal and Chinkerpoo Family Trust sold 7.56 million shares or 1.96% stake. The value of the transaction was around ₹4,390 crore (approximately $501 million).

The sale adds to the incremental divestiture of Gangwal’s stake in IndiGo, India’s largest airline by domestic passenger air traffic. The air carrier is still the leading force in the Indian aviation sector, providing both domestic and international connectivity. As investors monitor the promoter stake changes, the stock will be the focus of the market to identify the long-term implications.

Reliance Industries: Focus on AGM

Together, Mumbai-based Reliance Industries Limited (RIL) and the Indian stock market await the annual general meeting (AGM) scheduled for today. The group that includes energy, petrochemicals, telecom, and retail businesses, is, in fact, a well-known entity, thanks to its tradition of announcing plans for future growth and new initiatives via its AGM.

Finally, updates on Jio Platforms, retail ventures, and the company’s clean energy transition are hot topics among investors. As anticipation builds around the AGM, the RIL stock will surf on market spirits and capital flows craving for trading volumes and volatility.

ICICI Bank: Senior Leadership Change

ICICI Bank, one of the top private sector banks in India with its head office in Mumbai, is delighted to announce a planned evolution in its management team. Subir Saha, Group Chief Compliance Officer, retired as of August 28.

The banking industry is under intense regulatory scrutiny, fortunately, the turnover of the compliance leadership at ICICI Bank is at the perfect time. The Bank continues to flaunt a robust balance with decent loan growth and stable asset quality, thereby keeping it steady, among the top financial institutions in the country.

Also Read: Nifty Rejig, RBI Nod, Big Acquisitions: Stocks to Track on August 25

TVS Motor: EV Production Constraints

The leading manufacturer of two- and three-wheelers from Chennai, TVS Motor Company, has reported operational difficulties in their electric vehicle (EV) business. As per inputs from the management, limited supplies of rare earth magnets leading to EV production volume cuts have been the main cause of the crisis.

The problem is being dealt with as it arises, but the company is not quite at a point where the situation is resolved. TVS Motor, on the other hand, is not discouraged and is still planning to increase its electric vehicle portfolio to maintain its leadership position in the segment of motorized two-wheelers.

Infosys: Partnership with Mastercard

Bengaluru-based Infosys Limited, one of the top IT services companies in India, has announced its new strategic partnership with Mastercard. The alliance will make it easier for the banks to access Mastercard Move, a suite of global money transfer solutions.

This move is expected to position Infosys strongly within the digital fintech landscape, while at the same time, assisting Mastercard in expanding its cross-border payment solutions. This event confirms the company’s intention to develop digital-first solutions in the global financial sector.

RBL Bank: Societe Generale Bulk Deal

RBL Bank, located in Mumbai, has experienced the emergence of highly liquid block deals. Societe Generale, a French multinational bank, has bought more than 31 lakh shares worth nearly ₹79 crores via bulk transactions.

This purchase shows that investors are still keenly interested in RBL Bank, which has been working on retail lending growth and fintech adoption. As institutional activity heats up, this stock will be closely followed by the investors.

Market Outlook

On the day of expiration, overall market sentiment was still cautious as the indices mostly moved lower due to profit booking and subdued global cues. However, as the focus shifts from market to corporate-specific developments, the investors may find few opportunities. Coming few days would be full of company-driven triggers as we have RIL’s AGM, IndiGo’s stake sale, and Infosys’s strategic partnership.

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Read the full article here: Stocks in Focus Today India: RIL, IndiGo, Infosys — For more updates, visit Wittiya – Top Business News, Stock Market Insights & Financial Updates (Wittiya).

44 lakh plus shareholders are eagerly waiting for the 48th Reliance Industries Limited Annual General Meeting (AGM). There are quite a few references, among others, to Jio, Reliance Retail IPO launches, deep-tech projects, AI-driven initiatives, and the use of crude oil derivatives that investors are looking forward to hearing about.

Reliance AGM 2025: Market Eyes Strategic Roadmap

RIL (Reliance Industries Limited) is a Mumbai, Maharashtra, India-based multinational that is considered among the top Indian companies with a portfolio spanning energy, petrochemicals, retail, building materials, and telecom. Since its inception in 1973, RIL has completely remodelled the Indian industrial canvas with a combination of scale, brand-building, and technology-powered investments. Today, thanks to its highly integrated business model and the leadership of Chairman Mukesh Ambani, RIL is not just India’s largest company but it is also the primary agent of India’s growth story.

On August 29, 2025, the company is conducting its 48th Annual General Meeting (AGM), where Chairman Mukesh Ambani is set to address nearly 44 lakh shareholders. The AGM is one of the most watched events on Dalal Street as it often reveals strategic updates that determine Reliance’s medium- and long-term growth trajectory.

IPOs of Jio and Reliance Retail

Of all the transformations to occur, one of the hottest is the probable process and timing for the initial public offerings (IPOs) of Jio Platforms and Reliance Retail. Both these businesses are the prime sources of the conglomerate’s revenue. Jio’s implementation of 5G, and the effectiveness of JioAirFiber, made it possible for Jio’s telecom and digital services to grow exponentially, while in the meantime, Reliance Retail is setting up the biggest footprints in retailing across India and has also spread its net to millions of Indian households. These IPOs offer the lion’s share of the value to the company’s shareholders and simultaneously allow the company to stand financially strong.

Also Read: Reliance Stock Rises Over 2% as Growth Bets Strengthen in Telecom & FMCG

Jio’s 5G Rollout and AI Initiatives

What is happening with 5G in Reliance Jio? JioAirFiber is the network that Jio is developing to reach 100 million households and that is why it is trying to grow its 5G coverage. At the same time, RIL will probably present the details of its AI (Artificial Intelligence) plan, in which the digital part will be the most significant beneficiary of the next paradigm shift in technology. Accommodation of AI-powered platforms and consumer services is speculated to be a major factor in Jio strengthening its hold of India’s booming digital economy.

Retail Expansion Strategy

With RIL already the country’s biggest retailer in FMCG, fashion, electronics, and quick commerce, the stage is set for Nielsen dominance. We can expect that the company will present not only how it aims to develop the FMCG business but also how it intends to deepen the rural penetration and expand the e-commerce and quick delivery service in the AGM this year. The company intends to establish its grip on the $1 trillion Indian retail market via these and other initiatives.

Reliance Green Energy Transition

The new agenda for the Reliance AGM 2025 is the company’s clean energy solutions. RIL has proposed the establishment of solar and battery giga factories, along with hydrogen projects, and the implementation of cutting-edge clean energy technologies as part of the transition to renewable energy sources. Investors, who would have been following the progress of the company’s deliveries, the start-up of projects, and the expected increase in productivities of different units, will now be upgraded into how these targets are being met in what timelines. Such strategic moves are part of the company’s journey towards achieving net-zero greenhouse gas emissions by 2035.

Also Read: Reliance Powers Toward a New Peak on Bold AI and Energy Plans

Crude Oil Sourcing and Trade Outlook

Geopolitical tensions had caused problems for Reliance after the U.S. government imposed 50% tariffs on Indian imports due to India’s continued purchase of Russian crude oil. As one of the largest buyers of Russian oil, RIL is directly exposed to these developments. Ambani is expected by the shareholders to give clarity on how the company will source oil, which supply chains would be preferred, how Reliance would handle the tariffs and at the same time keep business operations going.

Broader Growth Vision

In the 2024 annual general meeting, Reliance Industries had set the target of doubling its total business by 2030. With Jio and Reliance Retail expected to lead the near-term growth, the main focus of this year’s AGM will be on scaling the new energy business, deepening digital penetration, and using advanced technologies like AI for the implementation of the cross-industry strategy.

The RIL stock was up marginally to ₹1,388.60 on the Bombay Stock Exchange at 9:30 AM today, reflecting investor optimism before the AGM updates.

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Read the full article here: Reliance AGM 2025: Key Announcements Ahead — For more updates, visit Wittiya – Top Business News, Stock Market Insights & Financial Updates (Wittiya).

Reliance Jio, part of Reliance Industries Ltd (India), plans to take its homegrown 5G and digital network technology global after completing its pan-India rollout. The company is focusing on future-ready technologies, including 6G and satellite communications, to sustain growth and deliver shareholder value.

Reliance Industries Ltd. (RIL) – India’s largest private sector conglomerate – announced in its annual report on August 7 that its telecom arm, Jio, will roll out its indigenously developed telecom technologies to global markets following a successful nationwide deployment.

Jio has already established itself as the world’s largest data network, with 488 million users, of which nearly 191 million are 5G subscribers. According to RIL, this base accounts for nearly 45% of all wireless data traffic on its network as of March 2025 — a key indicator of how its 5G adoption has scaled both in volume and user engagement.

RIL emphasized that Jio’s internally developed platforms for 5G, fixed broadband, and converged network technologies form the foundation of its strategy to support next-generation AI-driven services. The company believes this vertically integrated approach will enable sustainable growth while enhancing shareholder value through stable returns.

In addition to its 5G dominance, Jio is investing in future-ready infrastructure. It is actively developing 6G technologies and is positioning itself to lead globally in both research and commercial deployment.

Also Read: Airtel Q1 Profit Jumps 43% to 5948 Crores, Widens Gap with Jio

To complement its terrestrial infrastructure, Jio is also building a satellite communication platform. This hybrid approach is expected to support underserved and remote areas in India, expanding the company’s reach beyond urban markets and reinforcing its digital dominance.

From a financial perspective, Jio Platforms reported a 25% year-on-year increase in net profit to ₹7,110 crore for the quarter ending June 30, FY26. Gross revenue rose by 19% to ₹41,054 crore, backed by a growing subscriber base across mobility and home broadband services, higher data usage, and a broader digital services portfolio.

Jio’s aggressive domestic rollout of advanced telecom infrastructure positions it favorably as a technology exporter. Analysts tracking the sector note that the ability to productize and monetize in-house technologies internationally—especially in developing markets—could unlock a new revenue vertical for RIL’s digital business.

Additionally, Jio’s unified architecture across fiber, 5G, AI, and satellite provides it with unique scalability and cost advantages. The move aligns with broader trends in the global telecom industry, where convergence and control over tech stacks are emerging as long-term strategic moats.

As Jio scales globally, its performance will likely set a precedent for how India-based digital infrastructure firms can compete on the world stage using homegrown innovation as a core differentiator.

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Read the full article here: Jio’s Global Ascent: India’s Tech Titan Sets Its Sights Worldwide — For more updates, visit Wittiya – Top Business News, Stock Market Insights & Financial Updates (Wittiya).

Reliance Industries Ltd (RIL), India’s largest listed company by market cap, saw its stock price inch within 4.6% of its all-time high on July 8, 2025. Multiple global and domestic brokerages including Morgan Stanley, Goldman Sachs, Bernstein, and Nuvama have reaffirmed their bullish outlook, driven by the company’s expanding interests in AI infrastructure and clean energy, along with strong core business performance in oil, telecom, and retail.

Reliance Industries Ltd (RIL), headquartered in Mumbai, Maharashtra, and India’s most valuable company by market capitalization, is trading just 4.6% below its all-time high of ₹1,608.95 as of July 8, 2025. The stock slipped 0.4% intraday to ₹1,534.55 but remains firmly in the spotlight as leading brokerages revise price targets upwards, citing aggressive growth in new-age sectors like artificial intelligence (AI) and clean energy.

The stock has rebounded nearly 38% from its April 2025 low of ₹1,115.55, driven by renewed investor interest in RIL’s diversified business segments, particularly its emerging new energy initiatives.

Brokerage Optimism on AI and Solar Push

Morgan Stanley reiterated its ‘Overweight’ stance, setting a ₹1,617 price target. It emphasized RIL’s transformational plans to set up a 1GW AI data center at its Jamnagar facility, powered by NVIDIA’s Blackwell chips. The infrastructure is expected to use up to 1.3GW of power, supported by Reliance’s integrated renewable ecosystem.

Morgan Stanley also projects a 16% YoY growth in consolidated EBITDA and a 27% rise in net profit for Q1 FY26, driven by strong refining margins, telecom metrics, and retail revenue—though sequential growth may be tempered by depreciation and 5G-related interest costs.

Nuvama Institutional Equities issued the most bullish call, setting a price target of ₹1,801. It highlighted Reliance’s commercial rollout of Heterojunction (HJT) solar modules and noted that RIL’s integrated solar manufacturing facility could lead to a valuation rerating, akin to the one after the launch of Jio in 2017. Nuvama believes the New Energy business could contribute over 50% to RIL’s future PAT.

Global Brokerages Align with Positive View

Bernstein raised its target to ₹1,640, citing upcoming Jio tariff hikes and operational efficiency across segments. It noted that despite sustained capital expenditure, RIL’s net debt-to-EBITDA ratio remained steady in FY25—highlighting capital discipline.

Goldman Sachs added RIL to its APAC Conviction List, with a ₹1,801 target price. It expects EBITDA to grow by 16% in FY26, attributing it to improving refining dynamics, rising Jio ARPUs, and ongoing retail business restructuring.

Near-Term Catalysts for RIL

Key short-term drivers include a potential Jio tariff hike, clarity on Jio’s listing or demerger plans, and continued expansion of the clean tech portfolio—covering green hydrogen, AI infrastructure, and solar energy. Despite volatility in refining margins, normalization is expected in the second half of FY26.

Stock Trend and Outlook

RIL has seen positive momentum in recent months—gaining 2% so far in July, following a 5.6% rise in June. The stock has recorded gains for five consecutive months, signaling sustained investor confidence.

While the stock trades close to its peak, investors continue to back RIL as a long-term bet on India’s evolving digital and energy ecosystems. With growing clarity on its AI and clean tech roadmap, Reliance remains well-positioned to lead India’s next phase of industrial transformation.

Read the full article here: Reliance Powers Toward a New Peak on Bold AI and Energy Plans — For more updates, visit Wittiya – Top Business News, Stock Market Insights & Financial Updates (Wittiya).

Citi Research has reiterated a ‘buy’ rating on Reliance Industries Limited (RIL), headquartered in Mumbai, Maharashtra, forecasting a 12% upside with a target price of ₹1,585. The global brokerage cited six growth drivers across RIL’s businesses—oil-to-chemicals, retail, telecom, and more—as the key catalysts behind its bullish view.

Citi Research reaffirmed its optimistic outlook on Reliance Industries Limited (RIL), India’s most valuable company headquartered in Mumbai, Maharashtra. Citi set a target price of ₹1,585, predicting a 12% potential upside from current market levels. The brokerage outlined six major growth drivers likely to support the stock’s upward movement in the near term.

Reliance Industries is a diversified Indian conglomerate with operations spanning petrochemicals, refining, telecom (via Jio), and retail. According to Citi, a combination of operational recovery and positive structural shifts in the company’s core businesses will likely improve investor sentiment and financial performance.

Key Catalysts Identified by Citi:

1. Oil-to-Chemicals (O2C) Recovery:
   Citi noted an improving outlook for RIL’s O2C segment, citing rising refining margins, domestic fuel retail margins, and stable petrochemical spreads. Singapore’s GRMs rose above $6 per barrel, a boost from the earlier $4 average, driven by global supply issues.
   
2. Favourable YoY Base Effect:
   With a weak Q1FY25 performance across all segments, Citi expects a strong year-on-year rebound in Q1FY26, aided by low-base comparisons.
   
3. Potential AGM Triggers:
   The upcoming Reliance AGM could include key announcements—especially regarding the listing of Jio Platforms—which Citi believes could drive a market re-rating.
   
4. Retail Segment Revival:
   After muted growth in early FY25, Reliance Retail has shown double-digit growth in grocery sales across urban and metro markets. Citi projects a 15% CAGR in revenue over the next 2-3 years.
   
5. 5G Monetisation:
   Jio’s 5G user base, comprising 191 million subscribers, currently drives 45% of data traffic. Citi anticipates monetisation of this capacity soon, which could boost telecom profits.
   
6. Capex and Debt Management:
   Stable capital expenditure and controlled net debt levels have strengthened RIL’s balance sheet. Citi expects continued financial discipline, particularly in the Jio segment.
   

Valuation and Risk Factors:

Citi’s valuation model assigns specific values to RIL’s different business units: ₹375 for O2C, ₹523 for Jio, ₹623 for Retail, with remaining components adding to ₹176, offset by ₹75 in net debt. However, Citi warns of risks including a dip in refining margins, potential reimposition of windfall taxes, slower progress in new energy ventures, and increased non-core investments.

As of now, Reliance’s share price is 12% below its July 2024 record high of ₹1,608.95, but up 27% from its April 2025 low of ₹1,115.55, indicating strong market interest ahead of upcoming catalysts.

Read the full article here: Reliance’s Multi-Billion Rise: Citi Forecasts Majestic Turnaround — For more updates, visit Wittiya – Top Business News, Stock Market Insights & Financial Updates (Wittiya).

Reliance Industries Limited, a major conglomerate based in Maharashtra, India, has officially withdrawn its trademark application for “Operation Sindoor” following public and political backlash. The company clarified on May 8, 2025, that the application was mistakenly filed by an unauthorised junior employee and emphasized its respect for India’s armed forces and Operation Sindoor’s symbolic value in the nation’s anti-terrorism stance.

Reliance Industries Limited (RIL), a diversified Indian conglomerate headquartered in Maharashtra, announced on May 8, 2025, that it has officially withdrawn its trademark application for the phrase “Operation Sindoor.”

The company, in a formal statement, clarified that the trademark request was “filed inadvertently by a junior person without authorization” and reiterated that it had no intention of trademarking a phrase that resonates deeply with India’s patriotic sentiment.

Operation Sindoor refers to India’s recent joint military operation conducted on May 7, 2025, which targeted nine terror camps located in Pakistan and Pakistan-occupied Kashmir (PoK). The strikes were carried out in retaliation to a Pakistan-sponsored terrorist attack in Pahalgam.

Jio Studios, a media and entertainment subsidiary of Reliance, had filed the trademark application under Class 41 on the same day the military action took place. Class 41 generally pertains to education, entertainment, and media-related services.

In its public statement, Reliance emphasized its unwavering support for the Indian government and armed forces, calling the operation “a proud achievement” in the nation’s fight against terrorism. The company further stated, “Our commitment to the motto of ‘INDIA FIRST’ remains unwavering.”

The filing had sparked criticism and confusion earlier in the day, raising questions about the corporate appropriation of a sensitive national security term. By withdrawing the application, Reliance aimed to distance itself from any perception of profiteering on the back of a military operation.

This clarification underscores the importance of handling national sentiment with care, especially when it involves acts of valor and sacrifice by India’s armed forces.

Read the full article here: Corporate Overstep? Reliance Retracts Operation Sindoor Trademark Bid — For more updates, visit Wittiya – Top Business News, Stock Market Insights & Financial Updates (Wittiya).

Following the Union Budget 2025, brokerages highlight key stock picks with growth potential across large-cap, mid-cap, and broader market segments. Stocks like RIL, TCS, KPIT, and others are expected to perform well, benefiting from tax reforms, fiscal measures, and a focus on consumption revival.

Following the announcement of India’s Union Budget 2025, brokerage firms have weighed in on the market outlook and identified several stocks poised to benefit from the economic reforms and initiatives laid out in the budget. Analysts have pointed out that the budget managed to strike a balance between stimulating consumption and maintaining fiscal discipline. The government’s focus on capital expenditure and the personal income tax rebate are seen as key factors in fueling long-term economic growth. Brokerages have outlined their top stock picks across large-cap, mid-cap, and broader market segments.

JM Financial’s Large-Cap Stock Picks

In the large-cap category, JM Financial has recommended several blue-chip stocks, including Reliance Industries Limited (RIL), Tata Consultancy Services (TCS), Bharti Airtel, and ITC. The brokerage believes these stocks will gain traction as a result of the post-Budget growth momentum. RIL has an estimated upside potential of 31%, while TCS is expected to rally by 15% from its current market price. Other strong picks from JM Financial include Bajaj Finance, Maruti Suzuki, and L&T, as these companies are expected to benefit from the budget’s focus on economic expansion.

Mid-Cap Opportunities

In the mid-cap space, JM Financial has highlighted DLF, SRF, Havells, BHEL, KPIT Technologies, and Hindalco as key beneficiaries of the Budget. These stocks are set to benefit from various reforms and increased capital expenditure. Among them, BHEL is projected to have the most significant upside, with a potential increase of nearly 79% from its current levels. KPIT Technologies also stands to gain due to its focus on emerging technologies and sustainability, aligning with the budget’s emphasis on innovation.

Broader Market Picks by Ventura

Ventura, another prominent brokerage, has recommended a diverse range of stocks across various sectors, including TRIL, Shilchar, Skipper, KEC, Kalpataru, Optiemus Electronics, and Mukka Protein. The brokerage expects sectors such as power transmission, domestic manufacturing, and seafood exports to see a boost from the government’s initiatives, driving growth for these companies.

Consumption Focused Stocks

The Union Budget’s emphasis on boosting consumption has led Bajaj Broking to recommend stocks from the FMCG, auto, and beverages sectors. Among the key picks are Dabur India, United Spirits, and Exide Industries. With the income tax rebate expected to increase disposable income, these stocks are expected to benefit from the consumption revival, making them solid choices for long-term growth.

As India continues to prioritize growth in key sectors, analysts remain optimistic about the outlook for these stocks in the post-Budget landscape, believing that investors can capitalize on these opportunities as the economy strengthens.

Read the full article here: Best Stocks to Buy After Union Budget 2025: RIL, TCS, KPIT & More — For more updates, visit Wittiya – Top Business News, Stock Market Insights & Financial Updates (Wittiya).