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Know why the share of Reliance Industries can give returns of more than 40 percent!

Reliance Industries Share UpdateIf you buy shares of Reliance Industries, then you can get returns of up to 40 percent in the coming one year. Brokerage and research firm Jefferies has said in its report that the share of Reliance Industries can go up to Rs 3400. On Monday, the stock of Reliance Industries closed at Rs 2438.

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.

Reliance Industries share can give 83% return
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.

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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.

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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 money from ABPLive.com to anyone here.

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Shivam Bangwal

Shivam Bangwal is a young entrepreneur who is professional full time tech, travel and coding enthusiast with a post graduation degree of Master's of Computer Applications. He is a founder of Youthistaan, People News Chronicle, Branding Panther and Digital Leader.

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