The RIL stock rose 3 per cent in Friday's trade and over 7 per cent in three sessions to Rs 1,244.85 level. In the process, its m-cap jumped Rs 1,15,431.14 crore to Rs 16,87,487 crore from Rs 15,72,056 crore on March 4.
Following the correction in the Indian stock markets, domestic brokerage Kotak Institutional Equities has upgraded three renowned stocks- RIL, Dixon Tech & PVR Inox.
RIL share price: Shares of Reliance Industries gained more than 2 per cent during the trading session on Thursday amid the positive brokerage action over the company.
Ashika Global said that Reliance Industries reported healthy 3QFY25 performance owing to a stronger than expected profit from the Retail and O2C businesses.
In a viral video, Ambani can be seen telling students that they should not give up on critical thinking while making use of artificial intelligence (AI).
RIL shares closed at Rs 1245.90 on Friday, down 22.56 per cent from its 52-week high of Rs 1,608.95. MOFSL said RIL’s capex has likely peaked in FY24 with the completion of 5G rollouts.
RIL target price: The brokerage has a bull case target of Rs 1,850 on RIL, a base case target of Rs 1,660 and a bear case target of Rs 1,150 on the oil-to-telecom major.
Indian benchmark indices opened on a muted note on Friday but extended weakness, following a mixed performance from index heavyweights like Reliance, Infosys and Axis Bank.
A number of stocks like Reliance Industries, Infosys, LTIMindtree, Axis Bank and Havells India are set to announce their results for the quarter and nine-months ended on December 31, 2024.
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