2 big target prices on the shares of the country's largest company; Know details

Two of the world's leading brokerage houses have given big target prices on the shares of India's largest company.  CLSA and Citi have assigned buy and outperform ratings on Reliance Industries' stock. Reliance Industries is India's largest corporation on the basis of market capitalization of around 20 lakh crores.

The largest stock on the Nifty50 is Reliance Industries, which has a large market cap. The Reliance Industries' stock for the last 6 months gave a return of about 20%. At present, the current price of the shares of this company is Rs 1464.

Brokerage firm Citi has given a target price of Rs 1690 per share on the shares of Reliance Industries. Citi has advised to buy the company's shares while maintaining a buy rating.

At the same time, CLSA has given a target price of Rs 1650 per share on the shares of Reliance Industries, and has maintained the rating of outperform.

Recently, Jefferies also gave a target price of ₹ 1,650 to the shares of Reliance Industries, while JP Morgan gave an "overweight" rating to this stock with a target of ₹ 1,568.

In terms of returns, Reliance Industries shares have disappointed in the last year, as it has been able to deliver only a 0.79% return. However, in 5 years, its shares have given a return of 68%.

Reliance Industries Limited (RIL) is a leading Indian business group, whose portfolio includes energy, petrochemicals, retail, digital services, and media and entertainment businesses.

(Disclaimer: The information given here regarding stocks is not an investment opinion. Since investing in the stock market is subject to market risks, please consult a certified investment advisor before investing.)