Bullish signal on daily chart
Focusing on fiber to the Home (FTTH) services
With sub-optimal wireline infrastructure and a meagre 7% penetration in terms of households, India has for long, been a laggard in fixed broadband services. Fiber penetration in low single digits is significantly lower than global benchmarks. Jio is approaching Fiber to the Home (FTTH) services as a huge greenfield opportunity to potentially connect 50 million homes and 15 million enterprises with high-speed fiber across 1,600 cities
Volatile crude price impacting refining margins
Refining EBITDA for the year was down 6.1% y-o-y at `24,461 crore led by lower GRM of US$8.9/bbl. The segment performance was impacted by volatile crude prices and multi-year low light distillate product cracks.
Recommissioning retail sale network in oil sector
Having recommissioned the entire network, RIL has focused on improving the quality of sales across the operational countrywide network of 1,398 fuel outlets. Dual strategy of locking large fleet customers through unique Transconnect propositions and attracting individual customers via dynamic pricing has helped RIL to further strengthen the leadership position in industry throughput. During FY 2019-20, RIL registered over 10% y-o-y growth in average outlet sales volume.