Reliance Industries Ltd., owned by Mukesh Ambani, is a company that produces diversified products and services like energy, petrochemicals, retail, and telecommunications. It’s one of India’s biggest private companies listed in the Fortune 500.
Goldman Sachs Recommend Reliance
Goldman Sachs, an institution well known for its investments, has recently recommended buying a share of Reliance Industries Ltd. They believe the stock holds the potential to see an increase of 51% by FY2025-26.
Reliance Industries’ position in the market stands at Rs. 2977/- Per share and has a market value of over INR 20 lakh crore. In Q3 FY24, their revenues saw an increase of 4%, and their net profit shot up by 10% compared to last year.
Goldman Sachs has set two target prices for Reliance Industries Ltd. Under normal circumstances, this stock can reach up to INR 3400 per share, about 14 percent higher than the market price. Under bullish circumstances, the stock price can reach INR 4495 by FY2025-26, indicating a potential of 51%.
Goldman Sachs Research
Goldman Sachs reached this decision based on this research.
- Reliance Industries has recently focused on businesses with lower capital requirements, higher returns, and quicker results.
- The company is growing significantly and is expected to improve its results more in the upcoming period.
- Reliance’s ventures, like Disney, can benefit the company and increase shareholder value.
According to Goldman Sachs, the retail and telecom industries would be the main drivers of the significant growth in earnings before other financial factors, such as taxes and interest.
Due to various factors, like an increase in the use of smartphones, higher retail sales, and favorable market conditions, companies are expected to see growth in sectors like retail, telecom, and petrochemicals.
Disclaimer: The views and recommendations above are those of individual analysts or brokerage companies, not TheStockMarketLive. We advise investors to check with certified experts before making any investment decisions.TheStockMarketLive. We advise investors to check with certified experts before making any investment decisions.
