@piyushchaudhry This chart justifies levels of 700-900 for #RIL in next 12 months. Also, FB - RIL deal of 9.9% stake sale will not pass the regulators due to upcoming Data Protection & Privacy law for India on lines of EU’s #GDPR. 
@piyushchaudhry The whole strategy of #RIL to adopt O2C strategy (Oil to Chemicals) and hence selling stake to Aaudi Aramco seem to be under serious challenge seeing the drop in Petrochemicals business in Q4, FY20. Don’t ignore the #EV Tech replacing fuel ⛽️ consumption going forward. Serious !
@piyushchaudhry #RIL ‘s major capital is deployed in Oil & Gas/Petrochemicals Business, JIO being 2nd. % Returns from traditional Petroleum business for RIL will be less going forward. JIODigital business though depends on buying abilities of the market constituents having low per capita income.
@piyushchaudhry Finally shares & debentures are “risk management instruments” for a business. It doesn’t make sense for an individual to buy risk of #RIL ‘s business by paying Rs. 1257/- upfront expecting future cash flows which are under huge risks. #RIL will reach equilibrium between 700-900.
@piyushchaudhry Applying #TOC (Theory of Constraints), to realise highest returns in business, capital must always be invested on the bottleneck/critical resources, something which is limiting performance of business. It is debatable which is more critical - traditional Oil Business or JIO ?
@piyushchaudhry CRISIL: "In the year ahead, we expect consumer discretionary services and products such as airlines, hotels, automobiles and consumer durables to be the worst-hit. Non-pharma exporters, real estate and construction companies also face one of their worst years.” I see JIO failing
@piyushchaudhry The adverse impact of operating leverage on #RIL due to sharp revenue decline will drown all the benefits accruing from lower material & energy costs following across-the-board decline in commodities. Since discretionary spend will be cut, JIO will not get anticipated traffic
