Shares of Reliance Industries will be in focus after multiple brokerages reiterated their positive stance and revised their target prices on the stock.
CLSA maintained an ‘Outperform’ rating on Reliance Industries with a target price of Rs 1,650 per share. Nuvama reaffirmed a ‘Buy’ call and raised its target price to Rs 1,708 per share from Rs 1,673 earlier.
Macquarie continued with an ‘Outperform’ rating and set a target price of Rs 1,500 per share. JP Morgan maintained an ‘Overweight’ rating, slightly raising its target price to Rs 1,530 per share from Rs 1,520 earlier.
Jefferies reiterated a ‘Buy’ rating with a target price of Rs 1,660 per share. Nomura also maintained a ‘Buy’ stance with a target price of Rs 1,600 per share. Meanwhile, Morgan Stanley continued with an ‘Overweight’ rating and assigned a target price of Rs 1,606 per share.
Brokerages cited Reliance Industries’ stable operational performance and its growth visibility across key business segments as reasons for maintaining their constructive outlook.
Disclaimer: This article is for informational purposes only. Investors are advised to consult certified financial advisors before making any investment decisions.
