Reliance Share Price | Update on Reliance Industries Company, share will rise, experts gave BUY rating – NSE: RELIANCE
Reliance Share Price | The stock market fell on Tuesday due to worrying domestic inflation data. However, both the indices managed to stay above key levels. Stock market Nifty remained above 25,000 and Sensex remained above 81,800. However, the top brokerage firm has given 'BUY' rating to the stock. On Wednesday, October 16, the stock had closed at Rs 2,688.55, up 0.019 percent. (Reliance Industries Limited Company Excerpt)
Reliance Industries' profit decreased
Reliance Industries Limited has reported a consolidated net profit of Rs 16,563 crore in Q2FY25. Net profit fell 4.8 percent. Revenue growth remained steady at Rs 2.4 lakh crore. The company's retail performance has been affected. On Thursday (October 17, 2024), the stock was trading 0.04% higher at Rs 2,709. Consolidated EBITDA fell 2 per cent to Rs 43,934 crore on the back of Reliance Industries Ltd's O2C business. The merger of the media assets of Reliance Industries Ltd and Walt Disney's Indian business is likely to be completed by the end of the third quarter of the current financial year, Reliance Group said in a stock exchange filing.
HDFC Securities Brokerage Firm – ADD Ratings
HDFC Securities brokerage firm has given 'ADD' rating to the shares of Reliance Industries Limited. Also, the target price of this share is Rs 3350.
Nomura Brokerage Firm – BUY Rating
Nomura brokerage firm has given 'BUY' rating to the shares of Reliance Industries Limited. The target price of the share is Rs 3,450. According to Nomura brokerage firm, the stock can give a return of 26 percent.
CLSA Brokerage Firm – Outperform Rating
CLSA brokerage firm has given outperform rating to shares of Reliance Industries Limited. The target price of the share is Rs 3,300. According to CLSA brokerage firm, the stock can give returns of more than 20 percent.
UBS Brokerage Firm – BUY Rating
UBS brokerage firm has given BUY rating to the shares of Reliance Industries Limited. Reliance Industries Limited has given a target price of Rs 3250 for the shares. According to UBS brokerage firm, the stock can give returns of more than 18 percent.
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