Katya Naidu30 Jan 2024, 14:06
Shares of Reliance Industries have been on a roll for several weeks, taking its market cap to ₹19.5 lakh crore mark. After its December quarter earnings beat expectations, the market is waiting to see the company cross the ₹20 lakh crore mark. Analysts who track the conglomerate believe that it has good visibility of earnings growth and, therefore, the rally may well continue. While the stock is trading at around ₹2,849, most brokerages’ target prices are anywhere between ₹2,900 and ₹3,299 per share. It shows that there is an upside in the stock, even after the recent rally.