Reliance Share Price | Reliance Industries share will touch target price of Rs 1,723, brokerage report released – NSE: RELAINCE
Reliance Share Price | Reliance Industries stock has come into focus while stock market volatility continues. On Friday, Reliance shares closed with gains in a weak market. On Friday, Reliance Industries shares were trading at Rs 1,300, up 2.65 per cent.
9 top brokerage firms released report
Reliance Industries Limited shares are slowly recovering. Meanwhile, nine top brokerage firms have given bullish signals on Reliance Industries shares. According to the brokerage, Reliance Industries shares have the potential to be revalued at mid-cycle multiple. The brokerage firm said the stock could rise to Rs 1,723. Reliance Industries Ltd reported 7 per cent rise in consolidated net profit at Rs 18,540 crore for the third quarter. The company's revenue increased by 7 percent to Rs 2.43 lakh crore. On Monday (January 20, 2025), the stock was trading 0.40% higher at Rs 1,306.
Bank of America Brokerage Firm
The brokerage firm of Bank of America has advised to buy shares of Reliance Industries Limited Company. The brokerage firm of Bank of America has given a target price of Rs 1,723 with a buy call for the shares of Reliance Industries Limited Company. The brokerage firm of Bank of America has said that the earnings and valuation of Reliance Industries Company are expected to improve.
Jefferies Brokerage Firm
Jefferies brokerage firm has advised to buy shares of Reliance Industries Limited Company. Jefferies brokerage firm has given a target price of Rs 1,660 with a buy rating for Reliance Industries Limited Company shares. The report by Jefferies brokerage firm states the attractive valuation of Reliance Industries' stock at 9.8 times forward EBITDA.
goldman sachs brokerage firm
The brokerage firm of Goldman Sachs has advised to buy shares of Reliance Industries Limited Company. Goldman Sachs brokerage firm has given a target price of Rs 1,590 with a buy rating for Reliance Industries Limited Company shares. The report by Jefferies brokerage firm states the attractive valuation of Reliance Industries' stock at 9.8 times forward EBITDA. Goldman Sachs brokerage firm said Reliance Industries is expected to post strong returns in FY26, with 22% year-on-year growth in EBITDA and positive growth in consolidated cash returns in the near term.
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