Saturday, September 24, 2022
HomeBusinessReliance Industries: Reliance Industries' stock jumped 14% in the last two weeks,...

Reliance Industries: Reliance Industries’ stock jumped 14% in the last two weeks, know why – News

Reliance Industries Share Price: The market value of Reliance Industries, the largest private sector company, again crossed Rs 19 lakh crore on Friday. Mukesh Ambani’s company Reliance Industries is the first Indian company to achieve this position. Thanks to the rise in Reliance’s stock, Mukesh Ambani again overtakes Gautam Ambani as Asia’s richest person

Market cap reached 19 lakh crores
On Friday morning, the stock of Reliance Industries opened at Rs 2,744 and rose by 3 per cent to Rs 2,817. During this time it crossed the historical level of market capitalization of Rs 19 lakh crore. The highest level of the share of Reliance Industries is Rs 2,855, which the stock touched on 24 April. For the past two weeks, the stock of Reliance Industries is seeing a steady rise. The stock has gained 14 per cent in these two weeks. The stock has gained more than 20 percent in 2022.

Brokerage houses are bullish on Reliance
According to media reports, Reliance Industries is about to invest in education tech startup Lido Learning. Brokerage and research firm Jefferies has said in its report that the share of Reliance Industries can go up to Rs 3400. According to Jefferies, Reliance’s stock has underperformed compared to Nifty in 2021, but this year the story may reverse. Due to the retail and telecom business, the growth of Reliance Industries will increase by 36 percent. Earlier, Goldman Sachs analysts have said in their report that the stock of Reliance Industries can touch new heights. 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.

Html code here! Replace this with any non empty raw html code and that's it.
AUTO
MOBILE
TECH NEWS

Entertainment

Most Popular