Mukesh Ambani Share, this share of Mukesh Ambani may have a bumper jump of 40 percent, experts said – buy – mukesh ambani led reliance may hit 3100 rupees mark brokerages bullish on ril
Share price can go beyond 2900
Brokerage houses including CLSA, JP Morgan, Kotak Institutional Equities and Jefferies have reiterated their ‘buy’ ratings on Reliance Industries in the last few days. Share prices are cheap now due to the recent fall. According to experts, he has a target price on the stock in a range between ₹2,900 and ₹3,100. If seen, it is about 40 percent more than the closing share price on Monday. On Monday, Reliance shares closed at Rs 2,238.80, up 1.6%.
Due to this the stock fell
According to Kotak Institutional Equities, RIL’s poor performance in the recent past has been surprising. According to brokerages, there has been a delay in the tariff hike in the telecom space. But this can lead to a rise in market share. Reliance’s tariff hike has been delayed, but could lead to market share gains. This can be good for Reliance Jio. Reliance, the country’s largest company by market capitalization, has reached its lowest level in a year last week. According to experts, the stock is under pressure due to ongoing selling by foreign investors. It is down more than 12% so far in 2023.
RIL shares rose
The shares of Reliance Industries Limited are seeing a boom today. The stock opened at Rs 2,245 in the morning. Thereafter it also touched its intraday high of Rs 2,252.60. Around 10 am, this stock is trading at a level of Rs 2242 with an increase of about 5 points. Last Monday also a rise was seen in this stock.