Reliance Industries Share: Over 500% Return In 10 years! What's Next?

[{ "selector": ".xjjwo-a", "duration": "1500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

Reliance Industries:
Return in 10 years

Shares of Mukesh Ambani-led Reliance Industries Ltd (RIL) have delivered over 500% return to its long-term shareholders in the last 10 years [{ "selector": ".eqqdq-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }, { "selector": ".emgua-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 425px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }]

About Reliance Industries

Reliance Industries Limited (RIL) is a Fortune 500 company and the largest private-sector corporation in India. RIL's operations span from the exploration and production of oil and gas to the manufacture of petroleum products, polyester products, plastics and synthetic fabrics [{ "selector": ".rlotb-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }, { "selector": ".pzocd-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 372px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }]

RIL stock on D-Street

Shares of Reliance Industries hit their 52-week high of Rs 2,855 on April 29, 2022, and a 52-week low of Rs 2,181 on March 8, 2022 [{ "selector": ".mdrek-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }, { "selector": ".nbtjm-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 447px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }]

RIL's share price

With a market capitalisation of more than Rs 17 lakh crore, the shares closed at Rs 2524.50 on December 26, 2022 [{ "selector": ".uaiqg-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }, { "selector": ".cmeau-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateX(-325.0000912444759px)", "opacity": "1"}, {"offset": 1, "transform": "translateX(0)", "opacity": "1"} ] }]

ICICI Securities on RIL

ICICI Securities has revised its rating on the stock from HOLD to BUY with a target price of Rs 3,050 [{ "selector": ".obtmw-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }, { "selector": ".jsnpt-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 446px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }]

What should investors do?

"Long-term prospects and dominant standing of RIL in each of its product and service portfolios provide comfort for long-term value creation," said ICICI Securities [{ "selector": ".etlqt-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }, { "selector": ".grjmm-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 432px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }]

Motilal Oswal on RIL

Motilal Oswal has reiterated its Buy rating on the stock with a target price of Rs 2,875 [{ "selector": ".ifkbz-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }, { "selector": ".gleub-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 447px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }]

Reliance Retail acquires
Metro Cash and Carry

Reliance Retail Ventures Limited (RRVL) recently announced the acquisition of a 100% stake in Metro Cash and Carry India Private Limited [{ "selector": ".oipja-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }, { "selector": ".cwzwq-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 441px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }]

Motiwal Oswal on Reliance
Retail’s acquisition

Through this acquisition, Motilal Oswal believes that RRVL would get access to an additional 31 large format stores of Metro India [{ "selector": ".gmuku-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }, { "selector": ".nsopx-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 456px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }]

Disclaimer

The stock mentioned in the story is for information purpose only. Investors or market participants should consult their financial advisors before taking any position [{ "selector": ".uztoz-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }, { "selector": ".qgorp-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 420px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }]

World’s Best Cuisines 2022: Indian cuisine - Shahi Paneer, Tandoori Chicken in Top 5

Story by: Tanya Aneja Produced by: Prashanti Designed by: Mohsin [{ "selector": ".fmozl-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }, { "selector": ".xrtee-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }, { "selector": ".mbrou-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }] Click Here

Related Stories Top stocks of the week: Adani Energy, Bharat Dynamics, Mazagon Dock, Vedanta, Bharat Electronics and more Stock recommendations by analysts for March 5: 'Buy' HDFC Bank & JSW Energy shares; 'Sell' Mahanagar Gas Top stocks of the week: JSW Infra, Shriram Finance, AU Small Finance, Bandhan Bank, Voltas and more Stock recommendations by analyst for January 24: Mahindra & Mahindra, IPCA Labs and Jubilant Ingrevia