Reliance Share Price | Reliance Industries share will prosper, BUY rating, target price note – NSE: RELIANCE
Reliance Share Price | Shares of Reliance Industries Limited declined on Tuesday, while the stock market remained bullish. On Tuesday, October 15, the company's shares were trading at Rs 2,717.80, down 0.99 percent. Reliance Industries Limited (NSE: RELIANCE) reported its second-quarter 2025 results on Monday and the stock price has fallen since then. (Reliance Industries Limited Company Excerpt)
Reliance Industries Limited has registered a decline of 5 percent in its consolidated net profit on an annual basis. However, Reliance Industries Limited Company's performance has been positively supported by digital services and upstream business. On Wednesday (October 16, 2024), the stock was trading 0.49% higher at Rs 2,701.
Reliance Industries' net profit decreased
Reliance Industries Ltd's consolidated net profit for 2024-25 stood at Rs 16,563 crore, down from Rs 17,394 crore in the same quarter last year. The company's total income during the quarter increased by 0.65 percent to Rs 2,40,357 crore, from Rs 2,38,797 crore in the same quarter of the previous financial year. Reliance Industries Ltd's outstanding debt at the end of the quarter increased to Rs 3,36,337 crore from Rs 2,95,687 crore in Q2FY24. Many experts have issued ratings on this stock.
HDFC Securities Brokerage Firm
HDFC Securities brokerage firm has given 'BUY' rating to the shares of Reliance Industries Limited Company. A target price of Rs 3,350 has also been announced.
Nomura Brokerage Firm
Nomura brokerage firm has given 'BUY' rating to the shares of Reliance Industries Limited Company. A target price of Rs 3,450 has also been announced.
CLSA Brokerage Firm
CLSA's brokerage firm has given 'outperform' rating to the shares of Reliance Industries Limited Company. A target price of Rs 3,300 has also been announced.
ubs brokerage firm
UBS brokerage firm has given 'BUY' rating to the shares of Reliance Industries Limited Company. A target price of Rs 3,250 has also been announced.
JP Morgan Brokerage Firm
JP Morgan's brokerage firm has given 'overweight' rating to the shares of Reliance Industries Limited. A target price of Rs 3,125 has also been announced.
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