Reliance Industries: Is Now the Perfect Time to Buy Shares? CLSA Sees 30% Upside

Updated : Nov 13, 2024 17:43
|
Editorji News Desk

Is now the right time to buy Reliance Industries shares, down 20 percent from their peak?

Experts at CLSA say a resounding yes!

They’ve rated shares of Mukesh Ambani-led Reliance as an ‘outperformer’ with a 30 percent upside seen in 2025.

What’s driving this confidence?

The upcoming solar PV gigafactory, which CLSA sees as a game-changer the market is overlooking.

With the rise in solar stocks, CLSA values Reliance’s solar business at 30 billion dollars, bringing the company’s New Energies division to 43 billion dollars—

leading to a price target of 1,650 rupees per share.

What’s your take on the recent decline in Reliance Industries’ share prices? Tell us in the comments. And subscribe to business hook for more stock specific updates.

RIL

Recommended For You

editorji | Business

Sensex falls 429 points, Nifty slips 173 points after RBI rate hike

editorji | Business

RBI raises repo rate by 25 bps to 5.50%, shifts policy towards tightening

editorji | Business

GST rates likely unchanged as 57th Council meeting focuses on reforms

editorji | Business

Sensex gains 685 points, Nifty rises 220 points to cross 22,700

editorji | Business

Sensex gains 473 points, Nifty rises 134 points as markets stage recovery