Mumbai: CLSA said Reliance Industries is at a 'good entry point', while upgrading its ratings on the stock to 'buy' from 'outperform' and raising its price target to ₹2,955 from ₹2,850. RIL shares rose 2.2% to close at ₹2,386.35 on Monday.
"After a sharp fall, Reliance is now within 15% of our conservative value (₹2,020), which uses 18-month old deals to value Jio and Retail and assigns no value to its new energy segment," said CLSA's analyst Vikash Kumar Jain in a client note.
"Clear progress in Jio and retail as well as a doubling of the valuation of listed and unlisted comps of these business over the past 18 months and some value for new energy should easily justify the gap in its current price and our conservative value."
Reliance shares have fallen 13.3% from their 52-week high of ₹2,750 hit on October 19.
"Reliance remains a great way to play the long-term themes of rising share of organised retail and ecommerce, digital and technology penetration through Jio and its focus on new energy," said CLSA.
The brokerage said the IPOs of telecom and retail business could be triggers for the stock within the next 24 months.
FAQs
As these new upcoming companies would have the same face value that RIL has garnered, long term investors should buy Reliance shares to reap the value unlocking benefit getting showered on the existing shareholders of the blue-chip company.
Why to invest in Reliance Industries stock? ›
RIL can give a 10-15 per cent return by March 2024. With the value unlocking and underlying strength of business it may scale new highs over a period of time.”
What is the shareholding pattern of Reliance? ›
PREMARKET
| Shareholding Pattern - Reliance Industries Ltd. |
|---|
| Promoters | 3322748048 | 49.11% |
| ForeignInstitutions | 1487169801 | 21.98% |
| NBanksMutualFunds | 425515523 | 6.29% |
| CentralGovt | 7122241 | 0.11% |
7 more rowsFAQs on Reliance Industries
You can easily buy Reliance Industries shares in Groww by creating a demat account and getting the KYC documents verified online.
Is RIL shares overvalued? ›
Reliance Industries Ltd. has a PEG ratio of 3.43, indicating that its stock price is overvalued relative to its expected earnings growth.
What is the record date for Reliance Demerger in 2023? ›
Reliance Industries Ltd (RIL) Reliance Industries Ltd. on Saturday said it has fixed July 20, 2023, as the record date for the demerger of Reliance Strategic Investments Ltd., the financial services arm of the company. RIL rename the new entity as Jio Financial Services Limited (JFSL).
What is the forecast for RIL share price? ›
Reliance Industries Ltd. quote is equal to 2506.300 INR at 2023-07-27. Based on our forecasts, a long-term increase is expected, the "Reliance Industries Ltd" stock price prognosis for 2028-07-21 is 3980.792 INR. With a 5-year investment, the revenue is expected to be around +58.83%.
Is Reliance Industries undervalued or overvalued? ›
Is Reliance Industries Ltd undervalued or overvalued? The key valuation ratios of Reliance Industries Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
What is the target price of Reliance Industries stock? ›
Synopsis. Promoters held 50.41 per cent stake in the company as of 31-Mar-2023, while FIIs owned 22.49 per cent, DIIs 15.99 per cent. ICICI Direct has buy call on Reliance Industries with a target price of Rs 2566.. The current market price of Reliance Industries is Rs 2541.4.
Who is the largest shareholder of Reliance Industries? ›
The promoter group, the Ambani family, holds 49.11% of the total shares whereas the remaining 50.89% shares are held by public shareholders, including FII and corporate bodies.
Shareholders can apply to the IEPF Authority, providing the necessary details and documents to claim the unclaimed shares. The IEPF Authority then verifies the application and transfers the shares to the shareholder's demat account. The reasons for unclaimed shares can be traced back to various factors.
Who are the top investors in Reliance Industries? ›
Shareholders
| Name | Equities | % |
|---|
| Capital Research & Management Co. (World Investors) 2.383 % | 161,228,991 | 2.383 % |
| SBI Funds Management Ltd. 1.980 % | 133,931,230 | 1.980 % |
| The Vanguard Group, Inc. 1.915 % | 129,587,416 | 1.915 % |
| SAMARJIT ENTERPRISES LLP 1.842 % | 124,625,274 | 1.842 % |
6 more rowsHow to buy Reliance Global Group stock
- Choose a stock trading platform. Use our comparison table or choose from our Top Picks below.
- Open an account. Provide your personal information and sign up.
- Fund your account. ...
- Search for the stock name – RELI. ...
- Buy the stock.
What Strategy Does Warren Buffett Use? Warren Buffett's investing strategy is value investing. Value investing involves selecting stocks whose share price is trading below its intrinsic value or book value. This signals that the market is currently undervaluing the stock and that the stock will rise in the future.
How many shares are there in Reliance Industries? ›
Number of shares outstanding as of July 2023 : 6,766,066,838
According to Reliance Industries's latest financial reports and stock price the company's current number of shares outstanding is 6,766,066,838. At the end of 2022 the company had 6,766,066,838 shares outstanding.
What is the future target of Reliance share? ›
Stock price target for Reliance Industries Limited RELIANCE are 2505.6 on downside and 2567.6 on upside.
What is the future value of Reliance share? ›
Reliance Industries Ltd. quote is equal to 2525.700 INR at 2023-07-26. Based on our forecasts, a long-term increase is expected, the "Reliance Industries Ltd" stock price prognosis for 2028-07-21 is 3980.792 INR. With a 5-year investment, the revenue is expected to be around +57.61%.
Will Reliance give dividend in 2023? ›
For the year ending March 2023 Reliance Industries has declared an equity dividend of 90.00% amounting to Rs 9 per share. At the current share price of Rs 2526.20 this results in a dividend yield of 0.36%.
What will be the price of Reliance share in 2025? ›
Reliance Industries Ltd Share Price Prediction 2026-2030.
| Year | Maximum Price | Minimum Price |
|---|
| 2023 | ₹4,329.95 | ₹1,706.76 |
| 2024 | ₹6,062.11 | ₹3,506.03 |
| 2025 | ₹7,353.44 | ₹4,693.84 |
| 2026 | ₹5,147.41 | ₹3,603.18 |
4 more rowsMay 15, 2023
