D-Street welcomes Jio Bonanza; but RIL stock is still in red! Here is why | The Economic Times

[India]


.. most analysts are not optimistic on Jio, at least in the near term. The plans offered by Reliance Jio are predatory in nature, but at the same time they would not become meaningful revenue creator.

“The kind of data plans RIL has proposed for Jio are aggressive. It is very unlikely that it would make any meaningful revenue contribution in the near term and, hence, it would be a drag on profitability,” Pankaj Sharma, ED, Equirus Securities, told ETMarkets.com.

“At the same time, there is a significant depreciation, which will have to be recognized and this would impact how the reported numbers would look like,” he said.

Source: D-Street welcomes Jio Bonanza; but RIL stock is still in red! Here is why – The Economic Times

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