Reliance Share Price | Reliance Industries share in focus, Morgan Stanley brokerage bullish, note target – NSE: RELIANCE
Reliance Share Price | On Wednesday 22 January 2025, the stock market started with a rise. BSE Sensex opened with a gain of 276 points at 76,114 points. Similarly, NSE Nifty opened 75 points higher at 23,099. Bank Nifty opened with a gain of 119 points at 48,689. Meanwhile, Morgan Stanley brokerage firm has issued a rating for Reliance Industries Limited Company shares.
Current status of Reliance Industries share
On Wednesday, January 22, 2025, shares of Reliance Industries Limited were trading at Rs 1,273.30, down 0.031 percent. The total market cap of Reliance Industries Limited Company is currently Rs 17,22,400 crore. The shares of Reliance Industries Limited Company had a 52-week high of Rs 1,608.80, while the stock's 52-week low was Rs 1,201.50. On Thursday (January 23, 2025), the stock was trading at Rs 1,264, down 1.06%.
Overweight rating to the stock
Morgan Stanley brokerage firm has announced overweight rating for Reliance Industries Limited Company shares. Morgan Stanley brokerage firm has given a target price of Rs 1,606 for the shares of Reliance Industries Limited Company. According to Morgan Stanley brokerage firm, the company's focus is now on new energy instead of the old energy model. The company will also move from retail to general AI. Morgan Stanley brokerage firm said in a report that the company has seen improvement in demand in refining and retail.
How much return did Reliance Industries share give?
Reliance Industries Company share has given 1.26% return in the last five days. The stock has given 4.17% returns in the last one month. The stock has declined 15.15% in the last six months. Reliance Industries shares have declined 4.16% in the last one year. The stock has given 68.96% returns to investors in the last five years. In the long term, shares of Reliance Industries Company gave a return of 4,703.09 percent.
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