Buy Reliance Home Finance; target of Rs 91: Cholamandalam Securities

RELHF’s loan book grew by 26% YoY to INR 156.4bn (lower than CSEC’s estimate of 47%). However, the book declined by 4.5% sequentially. Growth in AUM came predominantly from Construction finance and individual loans segments which grew by 25% and 21% YoY respectively. The management expects its AUM to grow by 45% CAGR over FY19-21E. Self employed segment, being the niche area for the company, continued to constitute 75% of Home loan disbursements in 1QFY19. Adding to the de-growth in loan book, the company also saw a 30bps (QoQ) dip…

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Reliance Jio Oppo Monsoon offer: How to get up to 3.2TB of 4G data

Reliance Jio has launched a new scheme for customers purchasing a new Oppo smartphone. Under the scheme called “JIO Oppo Monsoon Offer”, the operator is offering up to 3.2TB of Jio 4G data and benefits up to Rs 4,900. The offer is available for all the Oppo phones. Both new and old Reliance Jio customers are eligible for the scheme. Reliance Jio will give you 3GB of data per day (for 28 days) with any of the Rs 198 or Rs 299 recharge denominations. To avail the maximum data benefit,…

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iVOOMi V5 launched in India with Reliance Jio’s Rs 2,200 cashback offer

Chinese electronics company iVOOMi on Thursday announced its partnership with Reliance Jio to offer a cashback of Rs 2,200 on the purchase of new smartphone V5. Priced at Rs 3,499, the dual-SIM device is available on Snapdeal. “This entry-level smartphone is in line with our objective to broaden the horizon of advanced technology and features in the affordable segment of smartphones in India,” Ashwin Bhandari, CEO, iVOOMi India, said in a statement. The 5-inch device with shatterproof display sports a 5-megapixel rear camera with LED flash and a 5-megapixel front…

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Reliance Jio May Begin Operations With Disruptive Offers

    Reliance Jio, the telecom arm of Reliance Industries, may begin operations with “disruptive offers” to quickly capture customers to leap into the top three along with established players like Bharti andVodafone , according to Bernstein Research. In a research note titled ‘What Is the Likely Impact of Reliance Jio’s Market Entry?,” Bernstein said, “We believe an organic strategy could yield about 10 percent subscriber and 9 percent revenue share over 10 years.” “More likely, we expect M&A to be used to accelerate the path forward, and for Jio…

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