Huge profits for investors
With the entry of new business by Reliance Industries, broking firms have already advised investment with a high target for the stock, which has seen continuous buying in the stock.
Share Market (stock market) Even though there has been a decline today, the celebration of Mukesh Ambani’s birthday party continued in the stock of Reliance Industries. And as a return gift, investors got a benefit of more than 63 thousand crores today. Reliance Industries (Reliance Industries) stock has seen an increase of about 4 percent today. and stock (stock) became the biggest gainer among the stocks included in the Sensex. On the other hand, there was a fall of more than one percent in the stock market. Mukesh Ambani, the head of Reliance Industries, is celebrating his 65th birthday today. On this occasion, the stock rose, the investors of RIL and Reliance got two opportunities to celebrate.
Where did the share reach today?
The stock of Reliance Industries closed at 2638.45 with a gain of 3.71 percent today. With this, the total market cap of the company reached Rs 17,84,892.43 crore. The stock had reached the level of 2667 during trading. With today’s increase, the total value of investors’ investment in the company has increased by about Rs 67 thousand crore in a day. In the last trading session, the company’s market cap was at Rs 17,18,584 crore. If market experts are to be believed, with the announcement of the company’s entry into new business last year, the stock is showing steady strength. Last year itself, Reliance announced its entry into a new era of energy through a 4 Giga factory that would house solar photovoltaics, advanced energy storage, electrolyser manufacturing facilities and fuel cells. Reliance Industries is the largest company in the country on the basis of market value.
What is the advice of a brokerage house
The broking firm’s confidence in the company has increased as it ventures into the future business. Broking firms Motilal Oswal and Goldman have expressed hope for further growth in the stock. Goldman has given a target of 3200 for Reliance Industries. On the other hand, Motilal Oswal has given a target of 2880. According to the broking firm, better cues from Jio and retail business and new investments in the energy sector have improved the outlook for the stock. At the same time, the fundamentals of the company are strong, so the stock is expected to continue to rise further.
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