This rise in the shares of Reliance Industries has come after the company's AGM. In fact, Mukesh Ambani made many important announcements in the Annual General Meeting. After this, brokerage houses have issued reports on the company's shares and increased the target price. Among these, the biggest target of Rs 1733 has been given by Nuwama.
Reliance Industries Share Price fell on Friday, August 29, but since then the stocks of this company owned by Mukesh Ambani (Mukesh Ambani Company) are seeing a steady rise. On September 2, the company's shares are trading at Rs 1376 with a gain of 2 percent. The reason for this rise in the shares of Reliance Industries is the important announcements made by Chairman Mukesh Ambani.
This has come after the important announcements made in the company's Annual General Meeting and the brokerage report on it. In fact, Mukesh Ambani made many important announcements in the company's 48th AGM, the most prominent of which include Jio's IPO and the announcement of starting a new company Reliance Intelligence. After the AGM of Reliance Industries, many brokerage houses have increased the target price on the company's shares in their reports. Let us tell you what are the target prices of domestic and foreign brokerage houses.
Target price on Reliance Industries shares
-Global brokerage firm CLSA has maintained the Outperform Rating on Reliance Industries shares, and has given a target price of Rs 1650.
-Nuvama has given a target price of Rs 1733 per share on Reliance Industries shares.
-Global brokerage firm Morgan Stanley has maintained an 'Overweight' rating on Reliance Industries shares, and has set a target price of ₹1,701 per share.
-Domestic brokerage firm JM Financial has given a target price of Rs 1700 while giving a BUY rating on Reliance Industries shares.
-Motilal Oswal Financial Services is also bullish on Reliance Industries shares and the brokerage has given a target price of Rs 1700 per share.
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