Reliance Share Price | Reliance Industries share will become a rocket again, next target price will make it rich – NSE: RELIANCE
Reliance Share Price | The stock market has seen a sharp decline in the last two months. Foreign institutional investors invested Rs 100,000-19 during this period. (NSE: RELIANCE) Made a strong profit of Rs. Continuous selling by foreign institutional investors has created an atmosphere of concern in the stock market. (Reliance Industries Limited Company Excerpt)
Heavy FII selling of heavyweight stocks like Reliance Industries Ltd has heightened concerns. Reliance Industries Limited has lost more than Rs 5 lakh crore from its market cap after a sharp decline in its share price in the last six weeks. On Friday, November 22, shares of Reliance Industries were trading 2.17 percent higher at Rs 1,249.45. At present the market cap of Reliance Industries Limited Company is Rs 16,86,810 crore.
JP Morgan Brokerage Firm – Share Target Price
JP Morgan brokerage firm has given overweight rating to Reliance Industries Limited Company shares. JP Morgan brokerage firm has reduced the target price of shares of Reliance Industries Limited Company from Rs 1,562.5 to Rs 1,468. The brokerage said that one of the main reasons behind the recent poor performance of Reliance Industries Limited Company is weak refining margins.
Stock gave 4613% return
Shares of Reliance Industries have fallen 14.46% in the last six months. Shares of Reliance Industries have fallen 4.64% in the last one year. The stock has given 63.12% returns in the last five years. Reliance Industries stock has given 4613% returns to long term investors. The stock has returned 3.53% on a YTD basis.
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