Reliance Industries Share: Over 500% Return In 10 years! What's Next?

Reliance Industries:
Return in 10 years

Shares of Mukesh Ambani-led Reliance Industries Ltd (RIL) have delivered over 500% return to its long-term shareholders in the last 10 years

About Reliance Industries

Reliance Industries Limited (RIL) is a Fortune 500 company and the largest private-sector corporation in India. RIL's operations span from the exploration and production of oil and gas to the manufacture of petroleum products, polyester products, plastics and synthetic fabrics

RIL stock on D-Street

Shares of Reliance Industries hit their 52-week high of Rs 2,855 on April 29, 2022, and a 52-week low of Rs 2,181 on March 8, 2022

RIL's share price

With a market capitalisation of more than Rs 17 lakh crore, the shares closed at Rs 2524.50 on December 26, 2022

ICICI Securities on RIL

ICICI Securities has revised its rating on the stock from HOLD to BUY with a target price of Rs 3,050

What should investors do?

"Long-term prospects and dominant standing of RIL in each of its product and service portfolios provide comfort for long-term value creation," said ICICI Securities

Motilal Oswal on RIL

Motilal Oswal has reiterated its Buy rating on the stock with a target price of Rs 2,875

Reliance Retail acquires
Metro Cash and Carry

Reliance Retail Ventures Limited (RRVL) recently announced the acquisition of a 100% stake in Metro Cash and Carry India Private Limited 

Motiwal Oswal on Reliance
Retail’s acquisition 

Through this acquisition, Motilal Oswal believes that RRVL would get access to an additional 31 large format stores of Metro India 

Disclaimer

The stock mentioned in the story is for information purpose only. Investors or market participants should consult their financial advisors before taking any position

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