Can this Reliance Stock be a Game Changer? | CA Rachana Ranade

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  • Опубликовано: 1 дек 2024

Комментарии • 271

  • @CARachanaRanade
    @CARachanaRanade  2 месяца назад +8

    ✔️ Invest in Knowledge: link.rachanaranade.com/CourseStore
    For any queries drop a WhatsApp message on +919022196678
    ✔️To open a free demat account click here: link.rachanaranade.com/Zerodha

    • @InvestWithGuptaJi
      @InvestWithGuptaJi 2 месяца назад +1

      5:28
      79 lakh crore to abhi tak sari AMC’s ka total AUM nahi hai kya baat ker rahi ho Mam Lakh ki jagah Thousand laga lo aap to baat Hazam bhi karte banegi 🙏
      Mutual fund industry me Sabse badi AMC SBI ka Total AUM 10.9 Lakh Crore hai Sari AMC’s ka total AUM 61.15 Lakh crore hai or ye aate hi 79 Lakh crore kya baat hai maan gaye aapko 🙏
      Thoda bahut mai bhi jaanta hu 🙏

    • @Justinfo101
      @Justinfo101 2 месяца назад

      @@CARachanaRanade Thanks Madam, I will come back soon

    • @NGGrandPlazaGhansoli-rr6yw
      @NGGrandPlazaGhansoli-rr6yw 2 месяца назад +1

      @@InvestWithGuptaJi i think thats from JIO Presentation. AUM of MF industry 1-2 year down the line. looks correct to me.

    • @InvestWithGuptaJi
      @InvestWithGuptaJi 2 месяца назад

      @@NGGrandPlazaGhansoli-rr6yw Ye baat bhi sahi hai lekin realistic nahi lagta hai to maine apni baat rakhi or hone ko to kuch bhi ho sakta hai

    • @sanjaydhengle1769
      @sanjaydhengle1769 2 месяца назад

      U say 6% share hold jio finance in ril but not showing in ril share holding
      Clarify this

  • @Justinfo101
    @Justinfo101 2 месяца назад +28

    Happy Gowri and Ganesha 🎉

  • @freshengineers1806
    @freshengineers1806 2 месяца назад +9

    I had never made profit but after watching your video on IPO on CAMS I applied and brought @ 1700 and today it’s history as it’s above 4000 Thanks madam for your knowledge sharing

    • @krunalsinhchauhan9773
      @krunalsinhchauhan9773 2 месяца назад

      Yes i also saw that video but missed the opportunity and didn't invest. Great for you.👍

  • @benitabussell5053
    @benitabussell5053 2 месяца назад +66

    Great video. I'm looking to start investing in the stock market and other asset classes with $60k this quarter. Should I focus on index funds or individual stocks? Preferably want the route with the best return in investment. Thanks!

    • @RickWatson-xu6gw
      @RickWatson-xu6gw 2 месяца назад +6

      Index funds are a safer bet to start. They offer good diversification. But individual stocks could make you a fortune if you know how to go about it. Some people make upper six figures yearly from investing alone. But it's always a good idea to work with a financial advisor. It raises your chance of profit by a lot.

    • @RobbStonee
      @RobbStonee 2 месяца назад +4

      I agree with that. I netted more than 300k in 2020 by using a financial advisor, despite COVID and the elections. It was like discovering a life hack.

    • @ScottStraw
      @ScottStraw 2 месяца назад +4

      Wow, that's interesting . I've recently been exploring the option of working with an FA too. Any chance you could recommend who you work with?

    • @RobbStonee
      @RobbStonee 2 месяца назад +3

      *Merissa Lynn Babula* is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

    • @A_francis
      @A_francis 2 месяца назад +1

      I searched for her name on the internet, found her page, and reached out via email to schedule a conversation. Thank you.

  • @simple-wise-man
    @simple-wise-man 2 месяца назад +130

    The stock shot up 7% because I sold it previous day.

    • @Pilot_747
      @Pilot_747 2 месяца назад +8

      So so true dear ….. we r in the same boat 😂😂😂

    • @ca_kushagra
      @ca_kushagra 2 месяца назад +4

      Retail traders का यही है.... 😂😂😂

    • @FREEDOM-PEACE
      @FREEDOM-PEACE 2 месяца назад +2

      😂😂

    • @dineshlalchandani6440
      @dineshlalchandani6440 2 месяца назад +2

      😂😂

    • @Pilot_747
      @Pilot_747 2 месяца назад +4

      @@simple-wise-man Do let us know well in advance, which one will you be selling next 😜😜😜

  • @ravivadaga
    @ravivadaga 2 месяца назад +7

    Flaw in PE analysis- if you removing RIL 6.1% from P(Price) .. you should also remove the dividend received from RIL from E(earnings)

  • @Amaronn007
    @Amaronn007 Месяц назад +1

    Whenever I see a marathi manus doing so good it feels my heart with joy. Fan of your work 🫡

  • @varunmor2061
    @varunmor2061 2 месяца назад +4

    00:03 Beware of stock tip fraudsters
    02:12 Reliance Stock got approval as a Core Investments Company (CIC)
    04:07 Reliance planning diverse financial services expansion
    06:05 Geo Finance Limited is expanding loan offerings and digital services.
    08:01 Reliance's upcoming payment gateway and options
    09:55 Reliance stock has potential due to breakout and news about inclusion in the Fendo segment
    11:43 Understanding the impact of Reliance stock on Geo Finance market cap.
    13:58 Investors are betting on the potential growth of various businesses within the Reliance group.

  • @ranjansengupta5123
    @ranjansengupta5123 2 месяца назад +38

    One important thing which was not discussed is that JIO Finance is still waiting for many regulatory approvals to launch their business / es... That is the main cause for delay and till there is light on that, there is a lot of uncertainity... One would have expected Motabhai to have completed this process sooner...

    • @lingarajkudari2959
      @lingarajkudari2959 2 месяца назад +6

      He will easily get all approval till BJP is in power

    • @vktshorts
      @vktshorts 2 месяца назад

      It's not about BJP or congress . ​@@lingarajkudari2959

    • @mapa5497
      @mapa5497 2 месяца назад +5

      Ambani hai toh mumkin hai

    • @rohitpawaskar906
      @rohitpawaskar906 2 месяца назад +1

      You really believe he wont get it. Please look up what PM means in india 😂

    • @jainamshah4775
      @jainamshah4775 2 месяца назад +11

      @@lingarajkudari2959not bjp also congress support while they had power… if country want to devlop then everyone have to support all big businessmen..

  • @gurmeetanand5119
    @gurmeetanand5119 15 дней назад

    A very wise and realistic assessment of the future of the company. Looks like JIO FIN will become number one company of NSE with hghest market cap in coming years.

  • @AKK8570
    @AKK8570 2 месяца назад +2

    she is transparent in her presentation and information source distribution 👍.. that's honest.. hats off to you 👍

  • @parasshastri914
    @parasshastri914 2 месяца назад +1

    Precise computation of real PE was a very good insight.
    Thank you Madam

  • @gurmeetanand5119
    @gurmeetanand5119 15 дней назад +1

    BHAI Blackrock ka share USA mein 1000 USD kay ooper bikta baar business shuroo honay do .uskay 2-3 qrtr baad price check karna.10 saal mein 10000 to cross karayga hi kar sakta karta hai kitni jaldi business grow kartay hain.

  • @santhoshkumarsan
    @santhoshkumarsan 2 месяца назад +6

    Seems be incorrect. When u take out Reliance value from JIOFIN it's EPS also to be taken out. Is not it?

    • @Notolerancetoterrrorism
      @Notolerancetoterrrorism 27 дней назад

      It was roaming in my head too. After being a CA if she does this silly mistake, what should we expect then.

  • @hiteshpatel7742
    @hiteshpatel7742 2 месяца назад +1

    I am already invested. But today I know very deep studies for the same. Thank you 🙏

  • @mr.prosegaming4921
    @mr.prosegaming4921 2 месяца назад +20

    I respect your opinion but in fin sector most use matrics is PB, currently Jio fin is trading at 1.54 PB also they have secured permission to stake sale upto 49% and easily can raise money upto 65 K Cr mean PB of around 1, yes they don't have proper bussiness but if a company have networth is equal to it's market cap, and belongs to a good family, I don't think it is a bad deal. If i mistaken in my analysis, welcome you to corrct me.😊

    • @geneengineer.
      @geneengineer. 2 месяца назад

      I think JFSL is trying to be so much diversified, I don't think insurance & securities brokering will do much great for it. I get your point that it's got Ambani Family behind it, but with launch of Jio Telecom then also jio tried to enter so much sectors, I remember jio pushing apps for almost every things then. This is just my speculations but you should remember that Mota Bhai's younger brother also carries the family name and his business didn't did well for the share holders.

  • @randomphilic27
    @randomphilic27 2 месяца назад +7

    Peeps dont know she already has a video on this stock in Stock of the month series
    So basically, I could have got this info for free😅.
    Or say she created 1 more video without doing anything😅

  • @divakarsharma4786
    @divakarsharma4786 2 месяца назад +2

    Question/clarity needed.
    The way you calculated PE ratio of jio financial services that 43% of 136 = 59. That means remaining PE is of Reliance industries 136-59= 77.
    However, if we check reliance industries PE it is 29 only. Why aren't the numbers matching?
    I definitely feel that jio financial services is overvalued but it must be having a higher PE than 59.

    • @Jack54275
      @Jack54275 2 месяца назад

      The company has on its books 6.1% shares of Reliance and that value is based on 6.1% market cap of Reliance Industries (which is at the PE that Reliance Industries trades).
      Using an example - if you are buying a house and in this there is a safe which has jewelry worth 10L and that comes with it. So your house value should be seen as price minus 10L of jewelry. How jewelry (Reliance Industries) is valued at 10L is a separate process and should not be equated with house valuation. So Jio Fin (house) valuation is different and Reliance Ind (Jewelry) valuation is different.

  • @madappad5218
    @madappad5218 2 месяца назад +5

    Happy Gowri and Ganesha Festival madam

  • @gomskrishna124
    @gomskrishna124 2 месяца назад

    You rock as usual....
    Very detailed... superb
    Thank You Very Much 💐🙏

  • @chiki1303
    @chiki1303 2 месяца назад +1

    Your analysis can be applied if RIL is planning to sell their stake in Jio, to understand what is the Jio PE. The analysis is not an apple to apple comparison.

  • @rohanzala2194
    @rohanzala2194 2 месяца назад +1

    Video is adding values. Thank you for this video ☺️ .

  • @rajm5276
    @rajm5276 2 месяца назад +3

    Very good explanation of complex stats of jio fin services. Thanks

  • @SHIINISTOCKS
    @SHIINISTOCKS 2 месяца назад +3

    Excellent, excellent, excellent explanation

  • @mayankpuri1129
    @mayankpuri1129 2 месяца назад +2

    Do the jio fin earnings also include earnings from reliance ; if yes shouldn’t it be removed too while adjusting the standalone PE for jio fin ?

    • @Jack54275
      @Jack54275 2 месяца назад +1

      Earnings only includes the dividends paid for the share it holds (6.1%). This is like if you hold money in bank and it pays you interest - it is shown as earnings by way of interest.

  • @volvoikar
    @volvoikar 2 месяца назад +1

    Nice presentation ma'am

  • @indian5227
    @indian5227 День назад

    Good analysis. Also entity is headed by KV Kamath.
    Can u please provide some light on L &T fin and idfc first bank. Investors can also throw some ideas here.

  • @rish8242
    @rish8242 16 дней назад

    Great video.. I am brtting big time in jio for next 5 yrs.

  • @DriveTestBooking-wt7qf
    @DriveTestBooking-wt7qf 2 месяца назад +1

    Sounds good, appreciate it and thanks Mam.

  • @dineshshanbhogue1209
    @dineshshanbhogue1209 2 месяца назад

    Good presentation. Thanks.

  • @chiki1303
    @chiki1303 2 месяца назад

    Reliance shares does not need any analysis, sirf naam hi kaafi hai.
    Even if a small rumor prevails that Reliance is in talks to acquire ABC company, the stock of ABC company will just shot up by 7-14%.
    When Reliance has 6% investment in jio, naturally public tend to invest as investors feel they will get good returns.

  • @manishgirdhar4881
    @manishgirdhar4881 2 месяца назад

    Sometimes i think you are from some another planet with such a god level mind 🙏🏻😇

  • @MM22Unplugged
    @MM22Unplugged 2 месяца назад

    The grass is always greener on the other side. Thanks for the informative video

  • @priyamshah2616
    @priyamshah2616 2 месяца назад

    Amezing video. Really you are providing true value through your video.

  • @swagataacharjee8757
    @swagataacharjee8757 2 месяца назад

    The way you explain on each video we don't even need pro subscription 😅. Thank you ☺

  • @prasadkandagadla268
    @prasadkandagadla268 2 месяца назад

    Surely it satisfies all the investors

  • @visamusic4070
    @visamusic4070 2 месяца назад

    Very deep analysis 🎉🎉

  • @tanuj23
    @tanuj23 2 месяца назад +1

    Since you have reduced the share price to just standalone operating business of Financial services, have you reduced the dividend income from RiL to arrive at core operating income and then calculate the P/E?

    • @Jack54275
      @Jack54275 2 месяца назад

      Good observation. It is not a perfect model - it is simply a quick alternate way of looking at things. The dividends makes for slightly less than 15% of their 2024 earnings (217 Cr of 1585 Cr) - however the book value is sizably influenced by the overall value they hold (56%+ as per her workings). Effectively if you reduce the share price by 56% but reduce the earnings by only 15% - you will be left with a book value of

  • @akashthoriya
    @akashthoriya 2 месяца назад

    Thank you so much for this video, it's amazing
    Please bring more videos like this,

  • @Natarajan7565
    @Natarajan7565 2 месяца назад

    Really fantastic analytic about the future Bajaj Finance in 10 years.😊

  • @pratapgaikwad9165
    @pratapgaikwad9165 2 месяца назад

    Excellent analysis ma’am….he who holds the line for longer period will win the race…ur video made me buy this stock…for sure for decadal horizon…thank u very much ma’am…🙏🙏

  • @rathnavelnatarajan
    @rathnavelnatarajan 2 месяца назад

    Thanks & Heartiest Wishes

  • @Stockguy64
    @Stockguy64 2 месяца назад

    They are sitting on huge cash pile of 134,000 crores. They also have got an approval to raise foreign investment upto 49% which would drive the cash pile to 200,000 crores. If you take the best NBFC Bajaj also which has only 76,000 crores of reserves. I think Jio will go with a Blitzkrieg strategy as it did in the past. The cost of capital for JFS is close 0%.They could disrupt the market even if they sacrifice 0.5% of NIM considering India a very price sensitive market

  • @manojmohantyspalgeria6897
    @manojmohantyspalgeria6897 2 месяца назад

    Your contain is good, keep it small and simple,

  • @devilplaymod8569
    @devilplaymod8569 2 месяца назад +1

    I was thinking to invest in this

  • @Sameer-er3wz
    @Sameer-er3wz 2 месяца назад +1

    Madam, you probably should have subtracted the dividend income from Reliance from their earnings before calculating the JFS only PE ratio.

  • @sanjaydave224
    @sanjaydave224 2 месяца назад +2

    great.dip.analisis

  • @vikass3647
    @vikass3647 2 месяца назад

    Thanks for sharing knowledge madam
    Happy teachers day madam

  • @baluvardhineedi9266
    @baluvardhineedi9266 2 месяца назад

    Very nice explanation mam

  • @dharmanray5556
    @dharmanray5556 2 месяца назад

    Awesome video 👌

  • @samrat2358
    @samrat2358 2 месяца назад +15

    Plz make video on Bajaj Housing Finance IPO video

    • @prabhodhkulkarni9548
      @prabhodhkulkarni9548 2 месяца назад +6

      Bhai she already made a vedio😂😂

    • @aksman8563
      @aksman8563 2 месяца назад +2

      Already done😂

    • @CARachanaRanade
      @CARachanaRanade  2 месяца назад

      ruclips.net/video/FhsIN8gsRqA/видео.htmlsi=M0taaiyk60J_PG2e

  • @hardeepsinghsasan7940
    @hardeepsinghsasan7940 2 месяца назад

    Thanks for deep information about Jio, Surely it will Rock. Thanks

  • @bcd-sb5jw
    @bcd-sb5jw 2 месяца назад +2

    CARR Hinting for correction of 45-49%...

  • @680086
    @680086 2 месяца назад

    Good Analysis

  • @SakshiDhore-ro2ed
    @SakshiDhore-ro2ed 12 дней назад

    see i have invested into jio fiancial services but i bet on mukesh amabni only and we need to understand that multibagger takes time and value so i think investor do invest in this stock

  • @akashthoriya
    @akashthoriya 2 месяца назад

    Very informative video

  • @akhilgupta7541
    @akhilgupta7541 2 месяца назад +1

    means jio financial is like tata investment ?

  • @sharanb2230
    @sharanb2230 2 месяца назад

    It will be good for the long term. In the near term a big game changer.

  • @mohanraj-hj9wt
    @mohanraj-hj9wt 2 месяца назад

    Happy Ganesh Chaturthi🎉

  • @dv3658
    @dv3658 2 месяца назад

    Premium (or expected) businesses always command high PE, eg. Pidilite, solar energy companies, paint companies etc. Hope JFS too justifies! Time will tell! Thank you for great value information vdo.

    • @satnamrana1995
      @satnamrana1995 2 месяца назад

      As soon as its business start PE will automatically come down toh 30 to 40 as EPS increase

  • @ronakraut9909
    @ronakraut9909 2 месяца назад +9

    I m a Engineering student I litrelly watch her each and every vedio.

    • @RijuMishra
      @RijuMishra 2 месяца назад +2

      Galti se engineer mat ban jaiyo

    • @asrajesh
      @asrajesh 2 месяца назад +1

      @@RijuMishra😂

    • @manibeema7761
      @manibeema7761 2 месяца назад

      Video?
      Vedio?
      Ohh Radio 📻?

  • @akhilgovekar2212
    @akhilgovekar2212 Месяц назад +1

    Jio+ blackrock= is this the right time to buy rachana?

  • @WorldOfWalias
    @WorldOfWalias 2 месяца назад

    All is fine but..... Should we invest in bulk now or wait for correction?

  • @sauravkumar-kq2jq
    @sauravkumar-kq2jq 2 месяца назад +1

    excellent excellent maam

  • @naveennigam24
    @naveennigam24 2 месяца назад +5

    I think jio will capture market

  • @SMB_11
    @SMB_11 2 месяца назад +1

    Ganapati Baapa Morya 🙏💐

  • @woodfire686
    @woodfire686 8 дней назад

    Financial companies should be valued based on P/B, not PE

  • @caarvindarora
    @caarvindarora 2 месяца назад +3

    Thanks for the information but I feel there are some gaps in information like jio hold stake in reliance and while valuing this you haven't considered a haircut bcz jio intention is not to liquidate the reliance stake in near future.
    Further 2nd point is JIO is in financial space where price to book ratio is important and your focus was on PE... Totally strange 🤔

  • @munishgoyal6079
    @munishgoyal6079 2 месяца назад +1

    Didi you are too obsessed with reliance ❤

  • @aryanmotwani7049
    @aryanmotwani7049 2 месяца назад +3

    Jio banks future me dikh skte hai ❤

  • @kesavaraobayana4429
    @kesavaraobayana4429 2 месяца назад

    Thanks

  • @vinayakhiremath1132
    @vinayakhiremath1132 2 месяца назад +1

    All good madam. What about the valuations?

  • @AshokSharma-fr3lv
    @AshokSharma-fr3lv 2 месяца назад

    Buying the future 🎉

  • @jasonambrose99
    @jasonambrose99 14 дней назад

    How are they raising money to give loans?

  • @tomyjohn4447
    @tomyjohn4447 2 месяца назад

    Does the Estimated business numbers of FY26 of JFS justify the derived forward JFS PE ( excluding 6..1% of reliance) of 59.21
    ?

  • @jayeshshah6979
    @jayeshshah6979 2 месяца назад

    JFS will be india 's top class company within 3 years

  • @IAMBHARTIY
    @IAMBHARTIY 2 месяца назад

    I am going to do sip on this stock

  • @Mindset_of_a_Billionaire
    @Mindset_of_a_Billionaire 2 месяца назад

    Hi Rachana Madam, could you share your perspective on Jio Financial Services compared to Bajaj Housing Finance? Although JFS operates in various segments and has recently entered the home loan sector, which company do you think has the potential to perform better or advance more rapidly in this space?

  • @TheOdiaTrader
    @TheOdiaTrader 2 месяца назад +2

    *@**14:25** Also Slice iff the Dividend & profit contribution of Reliance to JioFin* 😂😂😂

  • @ketanvithalani6067
    @ketanvithalani6067 2 месяца назад

    Happy teacher's day

  • @makrandsakpal8237
    @makrandsakpal8237 2 месяца назад

    Will it be a good bet to do SIP in jio finance stock?

  • @ANILKUMAR-yo8ps
    @ANILKUMAR-yo8ps 2 месяца назад

    Can anyone tell the stock which has doubled in a year after her recommendation

  • @growyourinvestment.
    @growyourinvestment. 2 месяца назад +1

    Valuation part was so tricky not explained in right way. PE should be calculated by price divided by earning. Not explained earning of Jio without Reliance...... Don't go for course selling. Do something useful for retailers. We trust you.

  • @piyushgoyal-re1gm
    @piyushgoyal-re1gm 2 месяца назад

    Can you please give examples of similar companies listed in India

  • @drullhasgowda6624
    @drullhasgowda6624 2 месяца назад

    Alrdy in portfolio but at -5% ATM! 😇 hopefully after 10 yrs it will be in a good position

    • @raghuhiriyur
      @raghuhiriyur Месяц назад

      ಹೆಲೋ ನೀವು ಯಾವ ಊರಿನವರು

  • @vibhashsrivastava1977
    @vibhashsrivastava1977 2 месяца назад

    I think we should bet on mota bhai...it will work..but thinking how much capital should i deploy ....❤❤

  • @kumarv613
    @kumarv613 2 месяца назад

    Yu are perfectly looking like a News reader :)

  • @notifysunil
    @notifysunil 2 месяца назад

    Yeah I seen many advertising with your photos

  • @kommarahul
    @kommarahul Месяц назад

    Details of the firm are good regarding what businesses they are in and what they plan to do. But don't even think of valuation madam ji. what you are even doing is flawed pricing.

  • @raghuprasad7837
    @raghuprasad7837 2 месяца назад

    How about doing an Sip into Jio financials

  • @manjithrai
    @manjithrai 2 месяца назад

    It takes time to show performance

  • @DipaliSwapnil
    @DipaliSwapnil 2 месяца назад +1

    Mam jagtik Mandi yenar ahe ka tyavr ek video banva

  • @arunkumarv189
    @arunkumarv189 2 месяца назад

    Mam, can you please explain about "Premium energy" stock? which is listed recently. This stock getting high and high.

  • @தனஞ்சயன்
    @தனஞ்சயன் 2 месяца назад +4

    I think it's time to exit from this stock.... Beware of media median

  • @NGGrandPlazaGhansoli-rr6yw
    @NGGrandPlazaGhansoli-rr6yw 2 месяца назад +1

    Hello, I admire your knowledge on taxation.
    but here i find it little confusing . i.e. P/E is ratio of only 2 things stock price and earning. all other details like who owns how much etc doesn't matter.
    lets say Reliance owned 90% of JIO Financial then your standalone PE will come to 10% of 136. that's just 13.6.
    Does that make Jio Financial 4.3 times cheaper/attractive now (59.21 vs 13.6)? Btw all those calculations may not be needed fro calculating standalone PE. Its standalone stake % (e.g. 43.5) * quoted PE from screener etc.
    This looks off to me.
    Jio Financial has a very high P/E of 136, and that's because almost everyone believes it will replicate Jio Telecom's success in the financial world.

  • @josephmj2557
    @josephmj2557 2 месяца назад

    Good for sip

  • @AshokSharma-ts2qn
    @AshokSharma-ts2qn 2 месяца назад

    It's going to be top gun

  • @RADHAKRISHNAP-t2j
    @RADHAKRISHNAP-t2j 2 месяца назад

    Good morning
    Please give your valuable advice on sammaan capital and equinox India

  • @harshadvphadke
    @harshadvphadke 2 месяца назад

    गणपत वाणी बिडी पिताना, चावायाचा नुसतीच काडी; म्हणायचा अन मनाशीच की या जागेवर बांधिन माडी! JIOFIN is such a new company which is planning like गणपत वाणी in this poem by legendary B C Mardhekar. Don't you think it's too early to invest?

  • @nagaraju2083
    @nagaraju2083 2 месяца назад

    Hello mam , I'd appreciate your insights on the current performance and future prospects of Idea Cellular (now Vodafone Idea Ltd.) stock. Could you share your opinion on it’s potential?