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

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.