One reason why RIL shares weakened after the AGM was due to disappointment among shareholders regarding the $15 billion Saudi Aramco deal. While Mukesh Ambani said the deal will be closed this year, some shareholders are unhappy that the deal has not been sealed yet.
Advising investors to buy and hold the counter for short-term to medium term; Ravi Singhal, Vice Chairman at GCL Securities said, “Reliance shares are highly bullish and it may go up to ₹2700 per stock mark in short-term. So, once should look at every dip as buying opportunity in the counter.
ICICI Direct has hold call on Reliance Industries with a target price of Rs 2760. The current market price of Reliance Industries Ltd. is Rs 2658.
Stocks to Buy Today: Best Shares to Buy in India
Is Reliance a good long term buy?
Overall, in the medium to long term, it is great for the banking industry and we are very positive on all PSU banks including SBI where there is scope for the earnings to move up and the PEs to expand gradually.
PGCIL seeks shareholder nod to capitalise Rs 1,743 cr reserves to issue bonus shares. The special resolution to capitalise reserves of Rs 1743,86,32,160 for issuing bonus shares in the ratio of 1:3 is listed on the agenda of the EGM scheduled on July 20, 2021, a filing said.
According to stock market experts, RIL share price may continue to scale new peaks in upcoming trade sessions as they see further rise in the counter. They said that Reliance Industries share price may go up to ₹3000 levels in next 12 month.
Is Reliance Power good to buy?
4. Is Reliance Power a good long term investment? Past 10 years financial track record analysis by Moneyworks4me indicates that Reliance Power Ltd is a below average long term investment. However, you need to ensure you buy at a right price to earn good returns.
Is Jio part of Reliance Industries?
Jio Platforms Limited, essentially a technology company, is a majority-owned subsidiary of RIL. It is the result of a corporate restructuring announced in October 2019, resulting in all the digital initiatives and the telecommunication assets being housed under this new subsidiary.
List of Best Stocks To Buy for Beginners in India
|Stock||Returns*||Market Capitalisation (in Cr.)|
|HDFC BANK Ltd.||33.08%||8,08,937|
|GODREJ CONS Ltd.||10.56%||80,101|