Reliance Share Price | Earnings again fast, Reliance share will become rich, expert gives BUY rating – NSE: RELIANCE
Reliance Share Price | The stock market also saw a significant fall on Thursday. Whereas Reliance Industries Limited Company (NSE: RELIANCE) There was a rise in the stock. On Thursday, October 14, Reliance Industries shares were trading 1.35 percent higher at Rs 1,268.95. (Reliance Industries Company excerpt)
Nifty and Reliance Industries stocks
Reliance Industries Limited, the country's largest company by market cap, has been the biggest contributor to the Nifty fall in the last few days. Shares of Reliance Industries Limited fell to an 11-month low after free bonus shares were allotted. . The share price of Reliance Industries on December 18, 2023 was Rs 1260. Shares of Reliance Industries Company opened at Rs 1,253.60 yesterday. The stock touched a high of Rs 1,270.50 and a low of Rs 1,251.10 on Thursday. The stock gained 1.55 per cent to Rs 1,271.40 on Thursday. Meanwhile, CLSA brokerage firm has given important indications about Reliance Industries Company shares.
CLSA Brokerage Firm – BUY Rating
According to CLSA brokerage firm, Reliance Industries shares are worth less than 5% of its conservative price. Looks like 30% upside with 2025 trigger. Reliance Industries' soon-to-be-launched solar PV gigafactory is a trigger the stock market is ignoring, according to CLSA brokerage firm.
target price of stock
Reliance Industries Limited's solar business is worth $30 billion and total new energy business is worth $43 billion. Compensation was reduced by 25-27 percent for EPS and the value for our own marketing was reduced. The CLSA brokerage firm has an Outperform rating for the stock. The brokerage firm has given a target price of Rs 1,650 to the stock.
Stock gave multibagger returns
Reliance Industries share has declined by 7.47% in the last one month. Reliance Industries share has declined by 10.57% in the last 6 months. The stock has given 7.79% returns in the last 1 year. The stock has given 74.32% returns in the last 5 years. However, Reliance Industries share has given 4,690.46% return to long term investors. However, the stock is down 1.94% since the beginning of the year.
Disclaimer: Investing in mutual funds and stock market is based on risk. Before investing in the stock market, always consult your financial advisor. tezzbuzz.com will not be responsible for any financial loss.
Comments are closed.