Reliance Industries shares (Ril Share) are showing great boom on Friday. Reliance Industries shares are trading at Rs 1,251 with a rise of 3.46 per cent at the last trading day of the week. For the last three days, this stock has been rapid. On Thursday too, its stock saw a rise of about 3 percent. Experts say that in a way, it has handled the Indian market today.
During the last three days, Reliance Market CAP has increased by Rs 1 lakh crore. Now its market cap has reached around 17 lakh crores. Brokerage firms have also given a strong target about Mukesh Ambani’s company. Brokerage firms have given a target of Rs 1400 to Rs 1600 per share on this stock.
This stock has fallen 16 percent in 1 year
RIL’s stock rose by more than 7 percent to Rs 1,251 in the last three business days. Its market capitalization increased by Rs 1,18,431.14 crore to Rs 16.90 lakh crore from Rs 15,72,056 crore on March 4. Nevertheless, the stock has fallen by 16 percent in the last one year.
Despite the stable results of the December quarter, the stock of Reliance Industries was affected by the weak market, which increased by the threats of trade war. MK Global said that however, the petrochemical circle can be more impressed than the trade war.
Brokerage firm MK Global said that oil and petrochemical tariffs are roughly 0-5 percent and 5-10 percent respectively. RIL’s Petroleum Export to the US does not exceed 5 percent and is imported by RIL 1.5 MMTPA Ethane from the US, which reduces the US tariff risk for the company’s O2C business.
Who gave how much target?
Kotak Institutional Equities said that RIL shares have declined significantly. The fall of 22 percent in 12 months, mainly due to weak performance in retail. Brokerage has given this stock a ‘buy’ rating with a target of Rs 1400. Jefferies retained its ‘purchase’ policy on RIL and has targeted a target of Rs 1,600.
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