Rs 1 lakh crore gone! Ambani slips 3 places on global rich list: What spooked RIL stock?

十万亿卢比蒸发!！安巴尼在全球富豪榜上下滑3位：是什么“吓到了”信实的股票?

MUMBAI: Shares of oil-to-telecom conglomerate Reliance NSE 3.00 % Industries (RIL) were hammered in trading on Monday after the company on Friday posted a 15 per cent year-on-year (YoY) drop in September quarter net profit, as the pandemic hit sales of most of its products. The index heavyweight tumbled 8.62 per cent to Rs 1,877, while partly-paid shares of the company tanked 10 per cent to hit the lower circuit limit and close at Rs 1,066. The decline eroded more than Rs 1 lakh crore from the company’s market capitalization.

孟买：周一，石油和电信综合企业信实工业的股价大幅下跌，上周五该公司公布9月份净利润同比下降15%，原因是疫情影响了其大部分产品的销售。该指数权重股重挫8.62%，跌至1877卢比，而该公司部分付息股票重挫10%，触及下限，收于1066卢比。这一跌幅使该公司的市值缩水了10亿卢比。

The sharp drop in the stock shaved off $6.8 billion from Mukesh Ambani's net worth, and pushed him down from sixth rank on the world's rich list to ninth place, with his net worth down at $71.5 billion, according to Forbes Real Times Billionaires List.

根据《福布斯Real Times》亿万富翁排行榜，股票的急剧下跌使穆克什·安巴尼的净资产减少了68亿美元，其净资产从世界富豪榜的第六位降至第九位，为715亿美元。

Earlier in the day, Macquarie came up with an “underperform” rating for the stock, and maintained it target price at Rs 1,320. Even after Monday’s steep selloff, this would imply a downside of 30 per cent.

当日早些时候，麦格理对该股给出了“表现不佳”的评级，并将其目标股价维持在1320卢比。即使在周一大幅抛售之后，也意味着下跌30%。

“With a one-two year view, we agree with India’s long-term digital opportunity, but we continue to see meaningful execution challenges and no moat for Reliance particularly in retail. Our earnings and cash flow estimates are meaningful below consensus, and the stock is trading at our blue sky valuation," Macquarie analysts said in a note.

麦格理分析师在一份报告中说：“从一到两年的角度来看，我们认可印度有长期的机遇，但我们仍看到不小的挑战，信实没有壕沟，尤其是在零售领域。我们的收益和现金流预期低于市场预期，而且股价也处于我们的估值水平。”

The brokerage forecasts RIL’s FY22 EPS to grow 20 per cent to Rs73 per share, but pointed out that this was 23 per cent below consensus, and explained that it views a slower recovery in RIL’s refining and chemical margins, slower pace of Arpu growth, lower retail margins as JioMart scales up, high competition in retail, higher working capital requirement for retail, higher capex for Jio and retail, and higher minority interests.

该经纪公司预测，信实在2022财年每股收益将增长20%，至每股73卢比，但指出这比普遍预期低23%，并解释称，它认为信实炼油和化工利润率复苏放缓，月平均收入增长放缓，零售利润率随着JioMart的扩张而下降，零售领域竞争激烈，零售的营运资本要求更高，Jio和零售的资本支出更高，少数股权比例更高。

After Monday's sharp fall, the stock is off 20.7 per cent from its record high of Rs 2,368 hit on Sep. 16, but up 116 per cent from its March low.

在周一的大幅下跌后，该股已较9月16日触及的2368卢比的创纪录高点下跌20.7%，但较3月的低点上涨了116%。

印度经济时报读者的评论：

译文来源：三泰虎    译者：Jessica.Wu

Abhay Sandwar

bumper rise and fall is feature of the global market . some technical and other non- technical .

暴涨暴跌是全球股市的特征。有些是技术性的，有些是非技术性的。

Sony Dodani

It was taken up northwards by strange buyers like Saudi Aramco without any fundamentals during the Covid-crisis so it has to come down back to reasonable levels like 1,650 / lower.

在新冠肺炎危机期间，沙特阿美石油公司等买家在没有任何基本面支撑的情况下大举买进了信实的股票，现在必然会回落到合理水平，比如1650卢比/股。

Chandramohan Godbole

The headline should be common investors lost 1 lakh crores

标题应该改为普通投资者损失了1万亿卢比

Biju Shahul Hameed

The whole world is trembling with fear of corona, many many companies are down, but Reliance was not down, the profit is a little bit less than 2019 Quarter that's it. Macquarie would buy the shares on somebody else name if they need!!!

整个世界都在担心疫情，很多很多公司都在走下坡路，但是信实没有走下坡路，利润比2019年的季度略低，仅此而已。如果需要的话，麦格理会以其他人的名义购入这些股票!!

Jsk

When they want to buy Reliance , i suspect they release such negative news so that simple, average, innocent people sell. Sebi shud not allow Macquerie to buy Reliance for next 3 months

他们想要收购信实，才会发布这样的负面消息。让普通人去抛售，印度证券交易委员应该禁止麦格理在未来3个月内收购信实

Dharaviboy

everything is manipulated including SEBI, which is not run by true pros

一切都被操纵了，包括印度证券交易委员会，并不是由真正的专业人士运营的

Venkat

Look beyond quarterly results. There is clear Strategy to shift from dependence on petro chemical to Retail and Jio. Big investors are not blind and herd. Investment shall be on business model .

不要只看季度业绩。从依赖石油化工转向零售和Jio的战略是明确的。大投资者不会盲目从众。投资应基于商业模式。

Tushar

jio service is deterioting day by day half the time net speed is like 2g..phone doesn't get connected... customer service worst...

Jio的服务越来越差了，网速像2g..电话不打通……客户服务最差的……

Harish Chandra Fancy

RIL will recover soon

Don't worry FRIENDS

别担心，朋友们，信实的股价很快就会恢复的

Nikesh

I am holding this share since last 12 years. Never had a delay in getting my dividend, bonus or right. It may also be noted that Mukesh ambani is also on the broad of Bank of America.

我持有这支股票已经12年了。从来没有延迟支付我的股息或红利。值得注意的是，穆克什·安巴尼也是一家美国银行的董事会成员。

Manchester United

Big companies CEO in US like Steve Jobs, Warren buffet, bill gates, etc take investors summit and answer every question of investors and treat them as their partners. But Ambani uses investors money for his own expenses like his Antilla home, expensive sports cars collection.

美国一些大公司的首席执行官，如史蒂夫·乔布斯、沃伦·巴菲特、比尔·盖茨等，都参加投资者峰会，回答投资者提出的每一个问题，并把他们视为合作伙伴。但安巴尼用投资者的钱来挥霍，比如建豪宅、收藏昂贵的跑车。

Sudhanshu Pathak

He doesn't even cares for his employees. Last year give them peanuts for increment and this year zero increment in salaries. He is just a crooked and selfish businessman.

他甚至不关心自己的员工。去年加了工资，今年没有加。他不过是一个奸诈自私的商人。

Yogendra Patel

This was expected. It has to fall to rupees 1400 if not more.

这是预料之中的，必定会降至1400卢比，甚至更低。

Kapil Tanwani

Raising the tariffs will result in lower active users for sure. As of now Jio is having the lowest percent of active users around 75-77% as compared to 98% of Airtel.

收费提高肯定会导致活跃用户减少。目前Jio的活跃用户比例最低，约为75-77%，而Airtel的活跃用户比例为98%。

Anand Deshpande

RIL may go below 1000.

信实的股价可能会跌至1000卢比以下

Alaskasworld PETLogin

There is nothing to worry. This may be temporary downfall. Will soon regain the original share price. Have faith in RIL. Alaskasworld

没什么好担心的。这可能是暂时的衰败，很快就会恢复原来的股价。对信实要有信心。

Kumar

It is a big surprise for investors. Reliance share price drop will pull down the entire index and other shares will also start drop. Bears have gained upper hand as of now.

对投资者来说，是个大惊喜。信实股价下跌将拉低整个指数，其他股票也将开始下跌。到目前为止，熊市占上风。