ICICI Direct has buy call on Reliance Industries with a target price of Rs 2926. The current market price of Reliance Industries is Rs 2520.85 Time period given by analyst is year when Reliance Industries Ltd. price can reach defined target.
The broker and research house said in a note the stock could surge up to 83 per cent from the current level in a year. In base case, the potential upside stood at 35 per cent, with the target price at Rs 3,185. … In base case, the potential upside stood at 35 per cent, with the target price at Rs 3,185.
Investment Rationale
Long term prospects and dominant standing of RIL in each of its product & service portfolio, provide comfort for long term value creation. RIL’s consumer business will be the growth driver, going ahead.
Should you buy Reliance Industries?
For the first time in seven years, we have seen Reliance Industries trail the returns that have been given by Sensex and Nifty for the year. … There are several constraints to the performance of Reliance. I would still think that it will be very tough for Reliance to give outsize returns from the current levels.
The bonus shares will be issued to “eligible members of the company in the proportion of two new fully paid-up equity share of rupee one each for every one existing fully paid-up equity shares of rupee one each held by them, by capitalising a sum not exceeding Rs 59,91,13,022 out of the company’s free reserves and …
Best stocks for beginners
- Reliance Industries Limited. Reliance Industries stock. Reliance Industries Limited (RIL) is India’s largest private sector company. …
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Reliance Power defaults on payment of principal and interest of Rs 300 cr; shares falls 2% The company defaulted on payment of Rs 300.22 crore, including interest amount of Rs 2.22 crore on July 31, 2020, it said in a BSE filing.
Stocks to Buy Today: Best Shares to Buy in India
| Name | LTP | High |
|---|---|---|
| Hindalco Inds. | 542.70 | 554 |
| St Bk of India | 529.60 | 538 |
| Power Grid Corpn | 207.80 | 212 |
| Bajaj Finance | 7,011.60 | 7,080 |
The markets were weighed down by concerns around rising Covid-19 cases in various countries, and a sharp fall of over 4 per cent in shares of Reliance industries following the decision by Saudi Aramco to drop its plan to pick 20 per cent stake in RIL’s oil-to-chemical business.
Why should I invest in TCS?
TCS has consistently maintained its market leadership position and shown best-in-class execution. This renders the company with ample room to maintain its industry-leading margin and demonstrate superior return ratios. Motilal Oswal maintained its positive stance on TCS, given its strong growth outlook.