Jio's new tariffs 7-20% lower than its competitors: CLSA


Mumbai, Dec 6 (IANS): Brokerage firm CLSA on Thursday said that the new tariffs announced by Reliance Jio are 7-20 per cent lower than the new rates offered by its competitors.

In a note, CLSA said that it expects Jio's profits to rise further due to likely higher average revenue per user (ARPU) among other reasons.

"Despite this hike, Jio is at a 7-20 per cent discount to its competition, maintaining its strong relative positioning. We see a good chance of further upside to Jio's profit as the tariff hike on the JioPhone is still awaited, interconnect costs may fall below our forecast and ARPU may be higher as customers may prefer 28-day over 84-day plans," it said.

The brokerage firm also raised target price for Reliance Industries (RIL) from Rs 1,710 to Rs 2,010. On Thursday, shares of the RIL closed at Rs 1,550.30, lower by Rs 2.25 or 0.14 per cent from the previous close.

  

Top Stories


Leave a Comment

Title: Jio's new tariffs 7-20% lower than its competitors: CLSA



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.