{"id":505584,"date":"2022-07-15T11:00:17","date_gmt":"2022-07-15T05:30:17","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=505584"},"modified":"2022-07-15T11:00:17","modified_gmt":"2022-07-15T05:30:17","slug":"ril-shares-down-8-so-far-this-month-are-concerns-over-windfall-tax-overdone","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ril-shares-down-8-so-far-this-month-are-concerns-over-windfall-tax-overdone\/","title":{"rendered":"RIL shares down 8% so far this month. Are concerns over windfall tax overdone?"},"content":{"rendered":"<p>Shares of Reliance Industries NSE -0.26 % (RIL NSE -0.26 %), India\u2019s largest company by market capitalisation, are yet to recover from the tax shock that came in at the beginning of this month. The stock is down 8 per cent so far this month even as most brokerages are singing a different tune and amid reports that the Indian government is considering lowering the windfall tax as global oil prices decline.<\/p>\n<p>Analysts at HDFC NSE 1.10 % Securities said the recent correction is overdone. The domestic brokerage has an &#8216;add&#8217; rating on RIL with a target price of Rs 2,825 based on recovery in the O2C businesses, improvement in ARPU, subscriber addition, new revenue streams, and further value unlocking in the digital and retail businesses.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Reliance Industries NSE -0.26 % (RIL NSE -0.26 %), India\u2019s largest company by market capitalisation, are yet to recover from the tax shock that came in at the beginning of this month. The stock is down 8 per cent so far this month even as most brokerages are singing a different tune and amid reports that the Indian government is considering lowering the windfall tax as global oil prices decline. Analysts at HDFC NSE 1.10 % Securities said the recent correction is overdone. The domestic brokerage has an &#8216;add&#8217; rating on RIL with a target price of Rs [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-505584","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/505584","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=505584"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/505584\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=505584"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=505584"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=505584"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}