Reliance Industries Share Update: If you buy shares of Reliance Industries, then you can get a return of up to 83 percent in the coming one year. Brokerage and research firm Goldman Sachs analysts have said in their report that after the entry of Reliance Industries into green energy business, the company will see great growth in the next decade. Due to which the stock of Reliance Industries can touch new heights.
Reliance Industries share can give 83% return
Goldman Sachs analysts have said in their note that the stock of Reliance Industries can touch a height of up to 83 percent from its current level. In the base case, the company’s stock can see a jump of up to 35 percent and it can go up to the level of Rs 3,185.
According to the brokerage house, it will depend on three things. In which the excellent financial performance of all the divisions of the company, launch of new digital products and road map of new energy business. Due to these things, the company will continue to grow at the rate of 41 percent annually till 2021-23. It is worth noting that Reliance Industries is going to invest Rs 75,000 crore in the business of green energy for the next three years.
Reliance shares at Rs 2381
Meanwhile, Reliance Industries’ shares closed at Rs 2381.85 with a jump of 0.81 percent due to a spectacular rise in the stock market.
Disclaimer: The information provided here is being given for informational purposes only. It is important to mention here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. It is never advised to invest any money from ABPLive.com here.
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