While investors have welcomed Reliance Industries (RIL) Chairman Mukesh Ambani‘s announcement that he will continue in his role for five years and mentor the next generation to play a larger role in the years to come, there were hardly any catalysts at the AGM for the stock to move ahead. “We keep earnings unchanged as … Read more
NEW DELHI: Brokerage ICICIdirect expects Reliance Industries to head towards the Rs 2,725 level in the next three months, which is the 80 per cent retracement of the June decline of Rs 2,817 to Rs 2,365 levels. The domestic brokerage said is witnessing buying demand from the key support area of Rs 2,370-2,400 and it … Read more
NEW DELHI: (RIL) June quarter results fell short of Street expectations but that could not change the consensus view on the stock meaningfully, despite a few contrasting views. Post quarterly results, the consensus target on the scrip stays at Rs 2,881, similar to Rs 2,880 before earnings, with 80 per cent of recommendations suggesting a … Read more
New Delhi: Global brokerage JP Morgan has upgraded its rating on India’s biggest company in terms of market capitalization – () – from ‘neutral’ to ‘overweight.’ The broking firm has set a target price of Rs 3,170 on RIL, signalling a potential upside of 22 per cent in the counter against its previous close of … Read more